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U.S. Dollar Index
Long

DXY (Dollar Index): Watch Carefully!!! Potential Bullish Move

By VasilyTrader
Updated
snapshot

Hey traders,

DXY nicely bounced from strong horizontal structure support last week.

Taking into consideration that the index remains bullish from the beginning of this year,
we remain bullish biased.

On a 4H, the price is stuck within an ascending triangle formation.
Breakout of its horizontal resistance will lead to a further bullish continuation.

In case of a bearish breakout of 91.7, the setup will be invalid.
Note
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