Technical Analysis for DXY this month. I have been watch this analysis carefully and taking trades passed on this idea.
We are under a inverted head and shoulders pattern. And We are observing the possible long opportunity ahead. Although price is having a issue surpassing 94.20. We are under great suspicion of a break of this price ahead.
This is ONLY the technical interest of this opportunity. It is important to evaluate fundamentals that may effect the projection of this pair. And proper Risk management.
I will update this idea with my fundamental research most likely sunday.
Trade active
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I am long this position starting at 93.54
I am short adjacent pair GOLD. from 1286.97 based on this analysis.