DXY posts bullish “inverted hammer” candle Tuesday; still bullish above 80.53

FXstreet.com (Barcelona) – The DXY while finishing near the lows of the day actually posted a bullish candlestick formation on the chart called an “inverted hammer” and remains safely above the key 80.53 support level for now.

DXY has a litany of data points to which to react Wednesday

The data flow that may have an impact on the DXY Tuesday includes: German Consumer Confidence; British GDP; British Inflation Report Hearings; German 10-Year Bund Auction; British Distributive Trades Survey; US Durable Goods Orders; US Weekly Jobless Claims; US Chicago PMI; US Leading Indicators; and the US University of Michigan …read more