DXY (Dollar Index): Important Decision Ahead
Updated
Many dollar pairs are standing on key levels today.
With a coming CPI report, the market participants
are waiting for the trigger to either push the greenback higher
or to finally start shorting it.
DXY is testing a historical resistance at the moment.
Bearish movement will initiate only after a bearish breakout of a rising channel on 1H.
That will be a decent confirmation.
For bullish scenario, consider a daily candle close above the underlined daily resistance
as the confirmation for a further bullish continuation.
❤️Please, support this idea with a like and comment!❤️
Note
Check my new analysis on EURUSD: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.