On the DXY daily chart, we can see that the instrument is testing the strong support 94.700 level. Bounce off this level, which is also 200 SMA, is required for an upside continuation and a retest of the strong upside resistance 96.100. A daily close below the 94.700 will completely reverse the recent uptrend and will call for a downside extension into the 90.
Note: look for the long trade entries with a stop loss below 94.700
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