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
- 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.