DXY 4hour Analysis 5/31//20
DXY Long Idea
Last week we saw a huge bearish move on DXY and price action was pushed down toward our 98.50 zone where we are currently seeing some rejection
Price action is still very much within this range and the likelihood of a pullback to 99.15 ish high
The blue arrow is the likely trade path for this week as it supports all higher timeframe sentiments
The orange arrow is the secondary trade path which supports the continuation of this recent bearish push
Last week we saw a huge bearish move on DXY and price action was pushed down toward our 98.50 zone where we are currently seeing some rejection
Price action is still very much within this range and the likelihood of a pullback to 99.15 ish high
The blue arrow is the likely trade path for this week as it supports all higher timeframe sentiments
The orange arrow is the secondary trade path which supports the continuation of this recent bearish push
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