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.
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.
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It should accelerate to 102 from here