DXY Daily Short Prediction
Technical:
DXY currently at its highest in overbought level since May.
Daily Trend Line shows price haved tried to violate Resistance 3 or more times but fails to break and stays atop. Thus could lose its momentum and fall to 92.68 area (structure) (and January High)
Fundamental:
This is strenghten by the cause of the still ongoing trade war issues and rising tension from doubts of North Korean summit with South.
Overall:
There could be a little correction, but in the big trend, USD is strengthening.
Good Luck!
DXY currently at its highest in overbought level since May.
Daily Trend Line shows price haved tried to violate Resistance 3 or more times but fails to break and stays atop. Thus could lose its momentum and fall to 92.68 area (structure) (and January High)
Fundamental:
This is strenghten by the cause of the still ongoing trade war issues and rising tension from doubts of North Korean summit with South.
Overall:
There could be a little correction, but in the big trend, USD is strengthening.
Good Luck!
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