SaleemJunedLala

Down Move coming on DXY?

Short
TVC:DXY   U.S. Dollar Currency Index
1
My projection for the DXY on the hourly chart:

Expecting the DXY to go down from the current levels i.e. 101.48 or from 101.57

It can go down till 100.63, retrace back a little from there and then head down to 100.08 zones.

Strong resistance at top with the completion of a ABCD Pattern & Bearish Butterfly pattern along the same zone.

But, CPI and Yellen testament tonight might invalidate my view.
Comment: Seems to be going the way predicted, will keep an eye out
Trade closed: target reached: Went exactly the way expected