Type: Bearish ReversalKey Levels:Resistance: 95.694Pivot: 95.574Support: 95.138Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 95.572 in line with 100% Fibonacci extension towards our 1st support at 95.137 in line with 78.6% Fibonacci retracement. Prices are trading below our Ichimoku cloud resistance, further supporting our bearish bias.Alternative Scenario:Alternatively, prices may climb higher towards our 1st resistance at 95.691 in line with 61.8% Fibonacci retracement, 23.6% Fibonacci retracement and 127.2% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dxy-h4-or-potential-for-bearish-dip"
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