Stuck in the Zone: DXY Tests Balance Between 98 and 99

10 Haz

Hello Traders,

After a sharp and uninterrupted decline in the DXY, price found support at the 97.921 level. Sellers then regained control from the weekly bearish Fair Value Gap (W-FVG), pushing price back into the 99 zone.

In this zone, neither sellers nor buyers have managed to assert dominance—suggesting that these levels may act as a pause or balance point. Given the extended drop, a temporary correction could follow if buyers gain traction after one last push.

For now, the bearish USD narrative remains intact. With upcoming catalysts like China/US talks and tomorrow’s CPI release, a renewed move toward 98 is likely to accelerate.

Whether this leads to further selling or a corrective phase will be assessed afterward.

13 Haz

İşlem kapandı: hedefe ulaştı

The price made a final push to the 97.92 level as expected. Buyers reacted at the level, driving the price higher and forming a bullish FVG on the H4 timeframe.

The next level to watch is 99.392, but we are waiting for the weekly close first.

For now, target reached, and next week we can reassess based on the candle close.

Have a lovely weekend!