Short DXY rallies around 101, target 100.35

Dollar index retreats from multi-year highs at 102.05.

Technical indicators have turned bearish on dailies.

We see scope for test of 100.35 (20-DMA).

Violation there could see next major support at 97.10 (100-DMA) and then 96.13 (trendline & 200-DMA)

Support levels - 100.35 (20-DMA), 97.10 (100-DMA), 96.89 (Nov 4&7 lows)

Resistance levels - 101, 101.10 (5-DMA), 102.05 (Nov 24 high)

Good to go short on rallies around 100.90/101, SL: 101.60, TP: 100.35/ 100/ 99.90

Kommentar:

TP1 hit. Bias lower.

Kommentar:

All targets hit