From TradingView · · 30s
DXY Weekly Outlook: Liquidity Sweep & FOMC
DXY may rebound as Fed meets, but liquidity sweeps could push it lower.
In brief
DXY may rebound as Fed meets, but liquidity sweeps could push it lower. DXY could recover toward 102.08 or drop further before FOMC meeting on Oct 28. Originally reported by TradingView.
DXY Weekly Action
DXY closed bearish after sweeping previous week's low and returning inside weekly range.
Key Levels
Previous week high at 102.08, low at 101.45, bearish fvg around 101.88-101.97.
FOMC Meeting
Fed rate decision on Oct 28 could trigger liquidity sweeps, with price reacting to key levels.
The main idea
DXY could recover toward 102.08 or drop further before FOMC meeting on Oct 28.
