DXY is Fragile near 100

Written by Alan Posner in Current Events 

This week’s selloff has a chance of validating last week’s Shooting Star candle.

It’s only Tuesday, so there’s still much time left, but if the DXY does fall here, the next stop is 97.50, and then 94.75.

I don’t consider 97.50 a strong level, so somewhere near 95 is more likely.

Thursday’s PMI numbers could push the USD in either direction.  The last print was 50.6, and anything below 50 is considered a contraction, so little room for downside is available.

I believe this report will be watched more carefully than usual.

Alan Posner

With over 15 years of hands-on experience in the Forex markets, Alan Posner is a seasoned trader and former registered investment advisor. His deep expertise spans market analysis, risk management, and long-term position trading strategies. Through his content, he shares proven insights and practical guidance to help traders of all levels build confidence, sharpen their edge, and thrive in the Forex market. His mission is to grow a strong community of position traders committed to discipline, patience, and long-term success. You can learn more about Alan on his About Page.

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