DOLLAR INDEX (DXY) Historical Structure to Watch đź’µ
US Dollar is unstoppable.
The index keeps growing like crazy.
Here are the key levels that I spotted from where we may see retracements:
Analyzing a weekly time frame, I spotted an expanding wedge pattern.
In the past, the price perfectly respected its boundaries.
The market is approaching that at the moment.
I believe that the market may start a correctional movement from that.
The midterm goal for buyers is 120 - 121 resistance cluster based on 20 years' highs.
Pay close attention from that area, probabilities will be high that the market will react to that.
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