DXY Short Idea
Overall trend is very bearish and we recently saw our monthly zone around 95.00 break.
From the current area we can see two things happen:
1.Momentum keep pushing price action lower until it finds significant support
2.Price action retraces to form structure before continuing lower.
If we get a trend reversal we want to see a break of 96.50 before it can be confirmed, until then we will remain bearish on USD.
Overall trend is very bearish and we recently saw our monthly zone around 95.00 break.
From the current area we can see two things happen:
1.Momentum keep pushing price action lower until it finds significant support
2.Price action retraces to form structure before continuing lower.
If we get a trend reversal we want to see a break of 96.50 before it can be confirmed, until then we will remain bearish on USD.