Dollar Index (DXY): Technical Outlook ๐ต
https://www.tradingview.com/x/jZYcxwJg/
Dollar Index is currently trading between 2 important structures on a daily.
Depending on the reaction of the price to the underlined areas,
I see 2 potential scenarios.
If the price breaks and closes above 104.8 resistance,
I will expect a trend following movement at least to 105.5 level.
If the price violates 103.9 support and closes below,
a bearish movement will be anticipated to 103.0 level.
As always, breakout is your best confirmation. So wait patiently!
โค๏ธPlease, support my work with like, thank you!โค๏ธ
Dollar Index is currently trading between 2 important structures on a daily.
Depending on the reaction of the price to the underlined areas,
I see 2 potential scenarios.
If the price breaks and closes above 104.8 resistance,
I will expect a trend following movement at least to 105.5 level.
If the price violates 103.9 support and closes below,
a bearish movement will be anticipated to 103.0 level.
As always, breakout is your best confirmation. So wait patiently!
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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