Forex trading Strategies 17 : Long DXY back to 97

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  • Forex trading Strategies 17 : Long DXY back to 97

The U.S dollar is on a nice move down towards 93 as expected, but I'm expecting some turbulence, causing the US dollar to strengthen and push back up to 97 on the DXY index. Price action is becoming obvious that it's time for a pull back on DXY. This is usually accompanied by some U.S economic data. 


This push up would be a retest of the 97 level of course, thereon I imagine we will continue our descent on the DXY index towards 93.

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  • 10 Jan 22
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