Dxytradingsetup
US DOLLAR Facing Resistance on Monthly - One Last Sell Reaction DXY currently facing strong resistance on Monthly time-frame. We can expect further downfall on the currency, prior continuing it's bullish trend to 105 - 107 area. I am also short USD/JPY and long EUR/USD as it is presented with perfect timing to enter in a longer term trades.
DXY approaching support, potential for a bounce!
DXY is expected to drop to 1st support at 97.87 where it could potentially react off and up to 1st resistance at 97.20.
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