DXY next week (more traps)

由baigxy提供
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hey everyone, in my last analysis I posted a breakout of DXY, breaking the resistance of 105.7, the price may slightly pull back which could cause a bull trap not only in dxy but in all USD pairs.. so trade carefully... for now the price has reach at 108 area which will likely test or break the resistance level of 108.9... price could make more bullish divergence and cause the price to reach all time high 111 which is an estimate according to the uptrend channel..

good luck
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1st target reached... can it pull back or continue to 111
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price can either go bullish or bearish... currently price is consolidating now
dollarindexDXYTrend AnalysisUSDDJ FXCM Index

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