DXY pullback started
DXY has been rejected from 97 and is pulling back since. This is also a channel resistance and a rising wedge resistance. A pullback from here and a break below 96 indicates a downside reversal and a pullback to support 94.30 and even 93.50 before a possible resumption of an uptrend.
Note: look for the short trade entries with the stop loss above 97 and short USD pairs
GET THE COPY TRADING AND PREMIUM MEMBERSHIP FOR FREE
If you want to learn trading analysis and get to crucial trading levels like this article, register for Private Live mentoring with your trading evaluation.
Take a break from your trading routine, and let us run some funds! Copy our trades!