DXY technical analysis

How about the coil here! We've talked about the Euro strength, but this is the other side.

Daily thoughts:

  • Coiling price action into a triangle.
  • Can see supply/demand in action as sellers are soaked up with each higher low.
  • When there are no more sellers, the only way is up?
  • Or will we see a drop out of the higher time frame resistance zone?

Intraday thoughts:

  • Back within that daily zone
  • Price action with that spike up and rejection looking bearish.
  • Bearish at resistance...