as we see dxy has a strong support on the red fibo line in the daily chart , it's clear we had several fake break outs on this support line .
two scenarios are possible in my veiw :
1.the last break out is fake and it will go up to the channle's top and then fall sharply or can break the resistance channel's top .
2. it will break the support line massively and continue its downtrend.
so for any trade in the begining of this week we mintor any four hour timeframe confirmation to see if it goes ups first or goes down .
two scenarios are possible in my veiw :
1.the last break out is fake and it will go up to the channle's top and then fall sharply or can break the resistance channel's top .
2. it will break the support line massively and continue its downtrend.
so for any trade in the begining of this week we mintor any four hour timeframe confirmation to see if it goes ups first or goes down .