USD Downside trend projection.
Firstly fundamentals: Trumps specific policy, his trade wars, etc. makes me think, that US Dollar index is under big pressure, and it might affect with a bearish movement for that currency.
In the other hand, if we look what happens on the chart, we can see really strong supply zone, that has been respected by DXY. In my opinion USD is going south, with the targets that I have marked.
Taking everything into the conclusion, my long term view of DXY is bearish, and seeing it on the 88 level is just matter of time.
In the other hand, if we look what happens on the chart, we can see really strong supply zone, that has been respected by DXY. In my opinion USD is going south, with the targets that I have marked.
Taking everything into the conclusion, my long term view of DXY is bearish, and seeing it on the 88 level is just matter of time.
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