DXY at support, EUR/USD at resistance

Technical Analysis

DXY at bottom of coil

While the Euro tests resistance, low and behold, the DXY tests support:


Higher time frame musings

  • Higher time frame, horizontal resistance zone holding
  • Price now looking to break out of triangle to the downside

Intraday musings:

  • But you can see we’ve been here and ducked under this line before.  
  • It’s a daily line and I always try to treat these as zones rather than hard levels because of the subjectivity they can be drawn with.
  • Everyone will have a different opinion on where to draw the trend line.

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