Dollar Index Long
Updated
Dollar Index is currently testing uptrend line (blue line) after one big uptrend and this could be just another correction if you are looking on very big time frame. Price got rejected 2 times from EMA 200 in last 40 days after it broke under it. MACD and RSI doesn't look very strong so be careful with your longs. We have resistance zone (red zone) and there is our target.
Also there will be possibility for shorts if we see price below support zone (green zone).
Trade Setup:
Entry: 103.22
Target: 104.85
Stop Loss: 102.83
Also there will be possibility for shorts if we see price below support zone (green zone).
Trade Setup:
Entry: 103.22
Target: 104.85
Stop Loss: 102.83
Trade closed: stop reached
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