DXY approaching resistance, potential for a drop!

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DXY approaching resistance at 90.34 (61.8% Fibonacci extension, horizontal swing high resistance) where it could potentially fall to its 1st support at 89.52 (61.8% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). We have identified another resistance area at 91.01 (61.8% Fibonacci extension, L T 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance.)

Stochastic (55, 5, 3) shows a corresponding approach to its resistance at 96.68%. We have also identified a bearish divergence with price.

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تم فتح الصفقة

Looks like price is well on its way to our major support! Did you manage to ride this wave?