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DXY → Extra losses look likely below 104.00

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Indice Dollaro americano (TVC:DXY)  
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TVC:DXY   Indice Dollaro americano
Trend Analysis Chart Patterns DXY dxyindex dxyanalysis dxyshort dxyforecast dxyprediction dxysetup dxysell dxyidea
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trendanalysis chartpattern dxy dxyindex dxyanalysis dxyshort dxyforecast dxyprediction dxysetup dxysell dxyidea
DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday.

The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30).

In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
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