After multiple tests of the 100 resistance zone, the US Dollar Index ( 
DXY ) finally started to drop, with the move accelerating into the gap formed two days ago.
At this point, even if a new local low is still possible, I don’t see this as a reversal of the trend.
In my view, this is more likely just a temporary pullback, and the index should rotate back to the upside and eventually make another attempt above the 100 resistance zone.
Trading perspective
If this scenario plays out:
EUR/USD → downside pressure
GBP/USD → downside pressure
So the focus:
Looking to sell EURUSD and GBPUSD
Conclusion
Short-term weakness, but the bigger picture still points higher for DXY.
Let’s see if buyers step back in.
🚀
DXY ) finally started to drop, with the move accelerating into the gap formed two days ago.At this point, even if a new local low is still possible, I don’t see this as a reversal of the trend.
In my view, this is more likely just a temporary pullback, and the index should rotate back to the upside and eventually make another attempt above the 100 resistance zone.
Trading perspective
If this scenario plays out:
EUR/USD → downside pressure
GBP/USD → downside pressure
So the focus:
Looking to sell EURUSD and GBPUSD
Conclusion
Short-term weakness, but the bigger picture still points higher for DXY.
Let’s see if buyers step back in.
🚀
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.