drilonn001

DXY heading for 90.50

Long
TVC:DXY   U.S. Dollar Currency Index
As expected, DXY continued to gain strength and move south on the chart. DXY stands at the moment at 89.70 area and is heading for 90.50 move. DXY strength may be temporary, as a retracement of the longer term downtrend, and if DXY reaches levels of 90.50 but does not manage to break above this structure, we may expect a stronger move downwards.

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