DOLLAR INDEX (DXY) Important Decision Ahead! 💵

8 thg 11, 2021

Hey traders,

Dollar index is approaching a key weekly resistance cluster.

94.6 - 95.0 is the decision zone.
Depending on the reaction of the price to that I see two potential scenarios:

• In case of a bullish breakout of the yellow zone,
  a strong bullish continuation will be expected.
  Next resistance will be 96.0 level
  
  
• In case of a bearish breakout of a support line of a rising wedge pattern,
  a strong bearish movement will be expected.
  Next support will be 92.0 level
  

Wait for the reaction first, then follow the market.

❤️Please, support this idea with like and comment!❤️

9 thg 11, 2021

Ghi chú

Check my new analysis on GBPCAD: