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The DXY index managed to break the Uptrend line and ðĒSupport zoneðĒ.
ðŦCurrently, DXY reacted well to the Resistance line and formed a ðŦShooting Star Candlestick PatternðŦ near this line in the 1-hour time frameâ°.
ðI expect the DXY to trend lower in the coming hours, enter the ðĒHeavy Support zoneðĒ, and fall to at least the ðĄPrice Reversal Zone(PRZ)ðĄ.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frameâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
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