Title
DXY H4 | Fibo confluence

Type
Bearish Reversal

Preference:
Price is approaching our pivot at 102.7001, which has 3 fibo confluences: a 78.6% Fibonacci retracement, a 127.20% Fibonacci extension, and a 61.8% Fibonacci projection, as well as a descending trendline. If the price were to break above the pivot point, it could potentially push up to the 1st resistance level at 102.9997

Alternative scenario:
However, if price were to reverse, it could drop down to 1st support 101.9822

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