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DXY Will Fall! Sell!

Corto
Índice del dólar de EE. UU. (TVC:DXY)  
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TVC:DXY   Índice del dólar de EE. UU.
Trend Analysis Chart Patterns Wave Analysis DXY short SELL trading currency Forex forecast swing signals
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trendanalysis chartpattern waveanalysis dxy short sell trading currency forex forecast swing signals
snapshot
Please, check our technical outlook for DXY.

Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 103.441.

Taking into consideration the structure & trend analysis, I believe that the market will reach 102.317 level soon.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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