๐โโ๏ธThe DXY Index is moving in the ๐ขSupport zone($102.87-$102.43)๐ข.
๐ Regarding Classical Technical Analysis, the dollar index has successfully formed an Inverse Head and Shoulders pattern.
๐According to the theory of Elliott waves, the dollar index has completed a Zigzag correction(ABC/5-3-5) in the ๐ขSupport zone($102.87-$102.43)๐ข.
๐I expect the DXY Index to rise to at least the 61.8% Fibonacci level and Resistance lines.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frameโฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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