DXY's daily downtrend continues.
However, a pattern is forming in which the downtrend may soon stop.
As shown in the chart, if it moves above the blue support line, there may be a weekly uptrend. If not, it will act as a resistance line again and if it comes down, the downward wave will continue. So I think it's a very important position.
However, a pattern is forming in which the downtrend may soon stop.
As shown in the chart, if it moves above the blue support line, there may be a weekly uptrend. If not, it will act as a resistance line again and if it comes down, the downward wave will continue. So I think it's a very important position.