DOLLAR INDEX (DXY) FOMC Ahead! What to Look At?💵
Dollar index is approaching a key daily structure support.
103.4 - 103.8 is the zone on focus.
Depending on the reaction of the market to that, I see 2 potential scenarios:
If the price breaks a resistance of a falling wedge pattern on a daily,
a bullish movement will be expected.
If the price breaks and closes below a green support though,
a bearish movement will be expected.
Everything will most likely depend on the FOMC meeting.
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