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U.S. Dollar Index
Short

DXY → Extra losses look likely below 104.00

74
DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday.

The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30).

In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
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Chart PatternsDXYdxyanalysisdxyforecastdxyideadxyindexdxypredictiondxyselldxysetupdxyshortTrend Analysis
tradingconmike
🟢Free Signals:
t.me/forextradingfusion

🔴Contact:
t.me/tradingconmike1
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.