DXY Neutral Idea
The monthly, weekly, and daily timeframes are all bullish while the 4hour is bearish.
At the end of Last week we saw DXY sharply drop after the FOMC meeting which left some indecision in the market.
We’re looking for price action to bounce from this current support area and then we will target higher toward 98.50
Or
We’re looking for price action to continue with bearish momentum and we will target lower toward the 96.40 area
The monthly, weekly, and daily timeframes are all bullish while the 4hour is bearish.
At the end of Last week we saw DXY sharply drop after the FOMC meeting which left some indecision in the market.
We’re looking for price action to bounce from this current support area and then we will target higher toward 98.50
Or
We’re looking for price action to continue with bearish momentum and we will target lower toward the 96.40 area