Chỉ số USDGiá xuống
DXY More Drop
After a big significant rise, US dollar is getting weak. As you see in the 4H chart, price has started a sharp downside move and is dropping.
In daily time frame, we can see strong bearish candles has been closed for yesterday and the day before.
Currently, price has broken the support level (red colour) at 108.970 and has been fixed below this level. I expect a continuation on downside move to the next support level at 108.200, and if price breaks this support, the second target would be around 107.600
Note: analyzing US Dollar Index and distinguishing its direction correctly, helps to analyse the USD pairs easier.
What is your view on DXY? Feel free to share your ideas in the comments.
In daily time frame, we can see strong bearish candles has been closed for yesterday and the day before.
Currently, price has broken the support level (red colour) at 108.970 and has been fixed below this level. I expect a continuation on downside move to the next support level at 108.200, and if price breaks this support, the second target would be around 107.600
Note: analyzing US Dollar Index and distinguishing its direction correctly, helps to analyse the USD pairs easier.
What is your view on DXY? Feel free to share your ideas in the comments.
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