📉 Price Action Update: Key Levels to Watch
Currently, the price is trading within the 108 – 107.800 range. There are two potential scenarios to anticipate:
1️⃣ If the price continues to decline, we could see a drop toward 106.950.
2️⃣ Alternatively, a pullback from 108 could push the price toward 108.500 – 108.700 before resuming its downside move.
This analysis is based on DXY's price action on February 3rd, where it faced monthly timeframe resistance. Such a significant resistance level often leads to a short-term downtrend, especially on lower timeframes like the 1-hour chart.
📊 Stay alert to price reactions at these key levels! 🚀
Currently, the price is trading within the 108 – 107.800 range. There are two potential scenarios to anticipate:
1️⃣ If the price continues to decline, we could see a drop toward 106.950.
2️⃣ Alternatively, a pullback from 108 could push the price toward 108.500 – 108.700 before resuming its downside move.
This analysis is based on DXY's price action on February 3rd, where it faced monthly timeframe resistance. Such a significant resistance level often leads to a short-term downtrend, especially on lower timeframes like the 1-hour chart.
📊 Stay alert to price reactions at these key levels! 🚀
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.