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bwy

Dollar Index top of channel resistance

Short
U.S. Dollar Index (TVC:DXY)  
bwy Updated   
TVC:DXY   U.S. Dollar Index
Trend Analysis Support and Resistance Trend Lines DXY USD EURUSD USDJPY Parallel Channel trend
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trendanalysis supportandresistance trendline dxy usd eurusd usdjpy parallelchannel trend
USD has hit significant resistance. FX is never exact and often overextends, but expect this to be an area that would attract sellers.
Comment:
USD appears to be breaking down from the short term uptrend line.

snapshot

- EUR/USD looks to have hit historical longterm support which should hold.
- USD/JPY however looks like it could extend a bit further higher.
Comment:
It seems like the short everything/long USD trade is coming to an end.
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