DOLLAR INDEX (DXY) Important Decision Ahead! 💵
Updated
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.
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Note
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