DXY technical analysis
How about the coil here! We've talked about the Euro strength, but this is the other side.
Daily thoughts:
- Coiling price action into a triangle.
- Can see supply/demand in action as sellers are soaked up with each higher low.
- When there are no more sellers, the only way is up?
- Or will we see a drop out of the higher time frame resistance zone?
Intraday thoughts:
- Back within that daily zone
- Price action with that spike up and rejection looking bearish.
- Bearish at resistance...