US Dollar IndexShort
#DXY T:F - Daily
The DXY (DOLLAR INDEX) on the 28th of May is dangerously close to testing an important Support Level at $103.7.
DXY will also test 200 days EMA at $103.8.
Any upside move will have to face 50 days & 100 days EMA as they are putting some resistance pressure on the price, further UP is the $104.7 level which looks very heavy on the price.
Looks more like a Bearish scenario here for #DXY, if the price breaks DOWN $103.7 then we might see a further fall in the price.
#DXY #priceanalysis #thesoumyoroyanalysis
DXY (DOLLAR INDEX) on the 28th of May is dangerously close to testing an important Support Level at $103.7.DXY will also test 200 days EMA at $103.8. Any upside move will have to face 50 days & 100 days EMA as they are putting some resistance pressure on the price, further UP is the $104.7 level which looks very heavy on the price.
Looks more like a Bearish scenario here for #DXY, if the price breaks DOWN $103.7 then we might see a further fall in the price.
#DXY #priceanalysis #thesoumyoroyanalysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.