DOLLAR INDEX (DXY) Update & Important Decision Ahead!!!
DXY is retesting summer's structure low.
the price is currently consolidating within a narrow horizontal decision range.
because the current trend is bearish, I am bearish biased on greenback.
in case of a violation of the range to the downside, bearish rally will most likely continue.
next goals will be:
95.4 - daily resistance
94.8 - year's low
in case of a bullish violation of the range, USD may start recovering.
96.9 will be the first goal.
for now it is hard to predict with high accuracy the next usd move, so let the market decide first and then just act accordingly.
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