DXY looks ready to breakout
After the negative CPI numbers for US dollar index, investors and retail have turned officially bullish on equities after inflation peaked, DXY dropped vertically and gave gains to stock market closing the week green.
Now, price looks over sold and the formed pattern is very bullish ( ascending triangle), a breakout will drive price to 109.6 as a first target.
This DXY analysis will help us avoid some wrong buy/sell signals unless we see a clear move to the up/down side.
Now, price looks over sold and the formed pattern is very bullish ( ascending triangle), a breakout will drive price to 109.6 as a first target.
This DXY analysis will help us avoid some wrong buy/sell signals unless we see a clear move to the up/down side.
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