Harmonic pattern- Bearish Bat pattern
Potential Reversal Zone (PRZ)- 97.37
DXY has halted its bullishness and lost more than 70 pips from the high 97.37. The index hits low of 96.64 and is currently trading around 96.80.
Overall trend is weak as long as resistance 97.71 holds.
The near term support is around 96.64 (55- 8H EMA) and any violation below will drag the pair till 96.20-.30 (200- 8H MA)/300-8H EMA).
Major trend reversal is around 97.71 and any convincing break above 98/98.60.
It is good to sell on rallies around 97 with SL around 97.40 for the TP of 95.16.
