DXY- Pressing and pressing for a down break

Last week was relatively quiet for DXY , with the price fluctuating within the support and resistance range. However, as detailed in a previous analysis, the odds favor a downward break.

The index began the week poorly and is currently trading near confluence support once again. A break at this level, given the prolonged consolidation, is likely to accelerate losses, potentially exposing the 101 support level in the medium term.

Yorum:

We broke down as expected.
It should accelerate to 102 from here