New month, New week and possibly new direction for the USD Index

DXY Daily

New Pivots for the month. Price opened at MPP. MPP serves as RESISTANCE. Stoch is on the move up. Im looking for price to drop down to MM2, creating a higher low on smaller timeframes.


Price opened at WM3, which is near to 100.50, fibzone and 200EMA resistance. Im expecting a drop possible down to 99.50/ WM2 which is support and bulls buying zone.


Price opened at DPP, and is now currently at DM2, Im looking for price to touch DPP once more, then decline down to daily target. Ill also be looking at the angle of separation between my EMAs on M15 to see when this down move is likely to start.

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