DXY - Bearish Signs
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The DXY has shown several bullish pushes but has consistently failed to make significant higher highs, all forming beneath a strong resistance zone.
This behavior indicates a weakening of buyer momentum and suggests potential bearish sentiment. With the index’s current inability to breach this resistance, a downward move could be anticipated as sellers might step in, taking advantage of the weak bullish attempts.
This behavior indicates a weakening of buyer momentum and suggests potential bearish sentiment. With the index’s current inability to breach this resistance, a downward move could be anticipated as sellers might step in, taking advantage of the weak bullish attempts.
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