U.S. Dollar IndexShort
DXY currently bearish ? (REACTION FROM 104.400)
My DXY bias this week is to generally expect a greater downside. I anticipate a small retracement back up before making a new low. Given the recent significant news and the incident involving Donald Trump, we should be cautious and avoid trading at market open, as a major move or spike is likely due to its impact on the US economy.
Once the market settles, we will assess and adapt to the most probable scenarios. There's an 18-hour demand zone currently in play, and if price continues to drop, I expect a bullish reaction from the 21-hour demand zone.
Once the market settles, we will assess and adapt to the most probable scenarios. There's an 18-hour demand zone currently in play, and if price continues to drop, I expect a bullish reaction from the 21-hour demand zone.
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