Will EU CPI support a quick rebound of DXY?
Macro theme:
- The dollar hovered near its lowest in over a year but downside momentum is fading as markets have already priced in Sep easing.
- A short-term rebound is possible if the EU CPI continues its downward trend this week.
Technical theme:
- DXY formed a small double-bottom pattern around 100.50 in the 4-hour chart and bounced up to retest its neckline, which is confluence with EMA21, indicating a potential trend shift.
- If DXY closes above its neckline around 100.90, the index may retrace further to retest the previous swing high around 101.60.
- Conversely, DXY may retest the bottoms again if it closes below 100.80.
- The dollar hovered near its lowest in over a year but downside momentum is fading as markets have already priced in Sep easing.
- A short-term rebound is possible if the EU CPI continues its downward trend this week.
Technical theme:
- DXY formed a small double-bottom pattern around 100.50 in the 4-hour chart and bounced up to retest its neckline, which is confluence with EMA21, indicating a potential trend shift.
- If DXY closes above its neckline around 100.90, the index may retrace further to retest the previous swing high around 101.60.
- Conversely, DXY may retest the bottoms again if it closes below 100.80.
I’ve taken a break from my public community engagements to focus on raising my three kids, but I'm rediscovering my passion for working again. Stay connected, as I plan to return and rejoin my old communities with a lot of new skills one day soon.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.