My USD Index technical analysis

Daily chart

Market is flat. Price is bullish. Stoch is overbought. For the past two days price has found resistance at the monthly central Pivot point. With the way things look price might drop down to MM1, which will be a lower low on the Dxy.

H4 chart

Price has for the past 2days found resistance at WM3, with the 200EMA holding as dynamic resistance. The projected target from WM3 is WM1. which is possible, but wont happen if price continue its slow pace.

H1 chart

Price has been at resistance, last weeks high, since the beginning of the week. Price is currently at DPP, stoch is oversold. Price however bounced off DM2, the target is DM4.

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