Mihai_Iacob

DXY- Pressing and pressing for a down break

Short
Mihai_Iacob Updated   
TVC:DXY   U.S. Dollar Index
Last week was relatively quiet for DXY , with the price fluctuating within the support and resistance range. However, as detailed in a previous analysis, the odds favor a downward break.

The index began the week poorly and is currently trading near confluence support once again. A break at this level, given the prolonged consolidation, is likely to accelerate losses, potentially exposing the 101 support level in the medium term.
Comment:
We broke down as expected.
It should accelerate to 102 from here

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