Home / Market Analysis / DXY hits 94 | A key area to watch out with possibility to fade

DXY hits 94 | A key area to watch out with possibility to fade

Flow Trader May 21, 2018 Market Analysis Leave a comment 352 Views

Quick note here. $DXY hit 94 and I consider this a key area to watch out for. I do see a possibility of fading this area.

US 10 year yield is going lower here and DXY could follow.

$EURUSD hit a low of 1.1720 and I have 1.171o as an area of support. I do expect some interest to buy here during the London session. If that is broken, look at next support around 1.1650.

I have no position on. I just got out of a $USDJPY trade.

Happy Trading!

Tags

About Flow Trader

I am former FX Spot Trader, former Money Market salesman, former Equities trader and broker. I am currently running a family office. I am also an internet entrepreneur. I love tennis and play competitively. I plan to share FX insight and stories on this site. Welcome and let the journey begin.

Leave a Reply

Your email address will not be published. Required fields are marked *

Powered by WordPress
© Copyright 2025, All Rights Reserved