alfredosk84life

Temporary bullish movement

Long
TVC:DXY   U.S. Dollar Index
After a bearish month, filled with downtrends, the possibility that DXY could see a temporary reversal to the long side for the first week or the month of august to form a pullback to continue the downtrend. The three arrows indicate fib levels of potential reversal or resistance, the last two on a trendline. USD can possibly show strength for the time being. I am not a financial advisor and this is all speculation. What are your thoughts?
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.