- Last week we saw new push on DXY lower out of a 4HR BULLISH TREND toward 98.50
- From the 98.50 area I'll be looking for a bounce as all higher timeframes are significatly BULLISH and the 98.50 has been holding as key support for quite some time.
- We also want to see DXY continue to remain stable and continue to range between 101.00 and 98.50
- In the scenario we see DXY break 98.50 and continue to the downside look for a confirmed lower high
- From the 98.50 area I'll be looking for a bounce as all higher timeframes are significatly BULLISH and the 98.50 has been holding as key support for quite some time.
- We also want to see DXY continue to remain stable and continue to range between 101.00 and 98.50
- In the scenario we see DXY break 98.50 and continue to the downside look for a confirmed lower high