Dollar Index (DXY): Important Resistance Ahead! 💵
https://www.tradingview.com/x/Ql7eK852/
Dollar Index is currently testing a significant resistance cluster 104.85 - 105.50.
The reaction of the price to that area will determine a further direction of the Index.
Bullish breakout of that and a weekly candle close above will confirm a long-term bullish reversal, with a highly probable consiquent bullish rally.
Alternatively, watch a rising parallel channel on a daily.
Its support breakout will initiate a correctional movement.
I will post the update once I spot a solid confirmation.
For now, stay patient and wait for the reaction.
❤️Please, support my work with like, thank you!❤️
Dollar Index is currently testing a significant resistance cluster 104.85 - 105.50.
The reaction of the price to that area will determine a further direction of the Index.
Bullish breakout of that and a weekly candle close above will confirm a long-term bullish reversal, with a highly probable consiquent bullish rally.
Alternatively, watch a rising parallel channel on a daily.
Its support breakout will initiate a correctional movement.
I will post the update once I spot a solid confirmation.
For now, stay patient and wait for the reaction.
❤️Please, support my work with like, thank you!❤️
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