DXY closed last week just above the 97.70 key area, so we could see that flip to new support next week.
However, we're still dealing with tight trading conditions via the 4h channel below. There are also several SSSPs and BSSPs in the region, as well as an unfilled gap at 98.35. The DXY will probably want to close that gap next week. If so, expect sellers to step in to defend that area.
As mentioned, weekend CFDs are indicating a gap down for EU on Monday, which means the DXY could gap up quite a bit. That could change between now and Monday's open.
Disclaimer: Any Advice or information on this Blog is General Advice Only - It does not take into account your personal
circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general opinion provided here by Daily Price Action, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.