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BlueberryMarkets

DXY POTENTIAL HEAD AND SHOULDERS AT KEY RESISTANCE

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Indice devise Dollar U.S. (TVC:DXY)  
BlueberryMarkets  
TVC:DXY   Indice devise Dollar U.S.
Trend Analysis Support and Resistance Fibonacci Forex forextrading DXY blueberrymarkets australia
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trendanalysis supportandresistance fibonacci forex forextrading dxy blueberrymarkets australia
We have been looking for the USD to sell off this week due to FED Chairman Powell less hawkish position on the US economy and the false break of the $97.00 resistance.
Looking at the daily chart here we can see that the market may be looking to re-test the $97.00 resistance and if we are to see the USD sell-off we should see this pattern
complete. A break of the low around $96.00 will be enough to see the market form a daily lower low giving us a better idea of further downside.
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