SHORT DXY Approaching Resistance, Prepare For A Reversal

DXY is approaching its resistance at 97.29 (78.6% Fibonacci retracement, horizontal swing high resistance, Elliott Wave) where it could reverse down to its support at 96.74 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.


Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.