DXY Price Forecast: Bears Target Break Below 23.6% Fibo at 100.80
The US Dollar Index pulled back after hitting an intraday high of 101.22, with bears now eyeing a move below the 23.6% Fibonacci retracement level near 100.80.
DXY
The US Dollar Index (DXY) saw selling pressure following an intraday rise to the 101.22 area on Monday. This modest uptick was quickly faded, as bears now focus on a break below the 23.6% Fibonacci level around 100.80. A sustained move beneath that support could open the door for further downside in the greenback.
Source: FXStreet Forex News