Expecting a bullish correction on Dollar Index DXY
Expecting a bullish correction on Dollar Index DXY after such a strong sell-off. Weekly supply level located much higher where we will be able to think of short positions on the Dollar Index DXY. The EURUSD forex cross pair forecast and analysis is very similar but we are expecting a bearish correction instead. EURUSD and Dollar Index DXY are inversely correlated.
Dollar Index forecast and prediction
Long positions will be possible on the way up to weekly supply imbalance located around 97 price level for those forex traders trading short-term and intraday forex trading strategies. There is a lot of room for the Dollar Index to keep on rallying. There is nothing to prevent the Dollar Index from the bullish correction if it continues to make higher highs.
Dollar Index forecast and prediction
Long positions will be possible on the way up to weekly supply imbalance located around 97 price level for those forex traders trading short-term and intraday forex trading strategies. There is a lot of room for the Dollar Index to keep on rallying. There is nothing to prevent the Dollar Index from the bullish correction if it continues to make higher highs.