Mihai_Iacob

DXY- 95.50 is now resistance

TVC:DXY   U.S. Dollar Index
After consolidating around 6 weeks in a 1.5 points range, last week DXY has fallen under support giving us a strong bearish signal.
This drop was stopped by the horizontal 94.50 support and how the index is searching for direction.
The incapacity to stay above 94.50 support will be very bad for USD confirming a false break and a lower high in place on the longer time view and also opening the door for losses towards 90 zone.
On the other hand, if bulls manage to drive the price back above 95.50 we will have the confirmation for a trend change for USD and we can expect continuation to 100.
A good strategy can be to trade the range for USD pairs till clarification.

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