Buy the dip in the dollar index - #dxy $dxy #forex

After touching 101 on the dollar index, we had a huge selloff in the overnight trading session that took us to the 200d MA in the 1 hour chart. As we enter the NA trading session, its likely that we will see some type of bounce here in the dollar and a retest of the 101 mark. The following level to the upside in the DXY can be found at 103. However, if we are wrong and the dollar continues to fall further, the levels to the downside will be at 100, 99.65 and 99 handle.