U.S. Dollar IndexShort
Dollar Index (DXY): Bearish Outlook For Next Week Explained 💵
Updated
https://www.tradingview.com/x/BQEki37A/
Dollar Index broke and closed below a key horizontal daily support this week.
After the violation, the price was coiling for some time within a narrow horizontal
range on a 4H time frame.
The release of US housing data on Friday was very bearish for the Greenback.
The price violated a support of the range, giving us a strong intraday confirmation.
We may anticipate a further bearish continuation now.
Next support - 103.1
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Dollar Index broke and closed below a key horizontal daily support this week.
After the violation, the price was coiling for some time within a narrow horizontal
range on a 4H time frame.
The release of US housing data on Friday was very bearish for the Greenback.
The price violated a support of the range, giving us a strong intraday confirmation.
We may anticipate a further bearish continuation now.
Next support - 103.1
❤️Please, support my work with like, thank you!❤️
Note
The market keep falling as plannedNote
The market is very close to the target
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