DXY reacted off resistance, potential for further drop!

3 апр. 2018 г.

DXY is reacting off our major resistance at 90.16 (61.8%, 78.6% Fibonacci retracement, Horizontal swing high resistance) which coincides with our short term descending resistance line. A strong reaction might occur at this level, pushing price down to our major support at 89.26 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal swing low support).

RSI (89) is also facing bearish pressure from our descending resistance.

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