DXY is testing its resistance, potential reversal!

2 במאי 2018

DXY is testing its resistance t 92.61 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where price could potentially react off and fall to its support at 90.95 (50% & 38.2% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 91.89 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is testing its resistance at 97% where a corresponding reaction could occur.