DXY - In correction mode
Zaktualizowano
The RSI divergence on the weekly, shown in my last post gave us a solid indication that the uptrend had lost its steam, and in fact we had a breakdown of the dollar index.
The gray trendline that comes from February has been broken, and even though we´ve had an upside movement for the last few days, I expect at least one more leg down, to test 104-105 support.
After that, I´ll wait for further price action to get a better picture of the index.
The gray trendline that comes from February has been broken, and even though we´ve had an upside movement for the last few days, I expect at least one more leg down, to test 104-105 support.
After that, I´ll wait for further price action to get a better picture of the index.
Komentarz
Support has been reached, expect price to hold (even if we get a sideways or falling wedge price movement)
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