Dollar Index (DXY): Technical Outlook đź’µ
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!
❤️Please, support my work with like, thank you!❤️
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!
❤️Please, support my work with like, thank you!❤️
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