DXY closed with a strong bearish weekly and daily candle indicating a possible further drop to fill the gap highlighted on the chart.
The price is currently at an optimal area for buyers to come in, and seasonally DXY should have by now turned to the upside.
This drop looks to be a liquidity grab and DXY is likely to find support around 90.118 - 89.500.
We will be looking to go long below 90.118.
The price is currently at an optimal area for buyers to come in, and seasonally DXY should have by now turned to the upside.
This drop looks to be a liquidity grab and DXY is likely to find support around 90.118 - 89.500.
We will be looking to go long below 90.118.