Hello traders, today we take a look @ the DXY
We are nearing an important Monthly S/R level in which we can expect the next trend to take place for the U.S Dollar.
A rejection and we can expect the DXY to target the Bottom of our Monthly Range. We will be looking for Bearish Engulfings via our Lower TFs.
A solid High TF close above 97.25 and we can expect the U.S Dollar to rally to new highs of 105.00~ and test our Monthly S/R level
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We are nearing an important Monthly S/R level in which we can expect the next trend to take place for the U.S Dollar.
A rejection and we can expect the DXY to target the Bottom of our Monthly Range. We will be looking for Bearish Engulfings via our Lower TFs.
A solid High TF close above 97.25 and we can expect the U.S Dollar to rally to new highs of 105.00~ and test our Monthly S/R level
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