DXY is testing a key resistance
DXY is testing a key resistance 92. A confirmed break below this resistance is giving us a higher probability of the short USD trade entries across the market. A break above 93.5 is now required for the upside invalidation. The overall medium-term is an uptrend but we need to see and a continuation above 95 to see a hard upside extension. Break above this consolidation and confirmation will be a clear indicator of the downside reversal.
Note – We are inclined to short trade entries with the stop loss above 93
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