DXY H8 - Short Signal

DXY H8

DXY is currently maintaining its position at the key resistance level of 104, demonstrating resilience at this significant whole number price point. Despite hitting this zone yesterday, we observe a relatively subdued level of market activity.

It appears that the markets are in a wait-and-see mode, anticipating a potential surge in trading volume driven by the release of crucial economic indicators, namely NFP, AE, and UE figures scheduled for tomorrow afternoon. Investors seem poised for a potential shift in market dynamics following the upcoming data release.

That being said, we are anticipating more downside.