Dollar Index (DXY): Important Decision Ahead 💲

2023年5月19日

FOMC coming today.
Dollar index is approaching a solid horizontal daily resistance.
Depending on the words of the Powell, the market will either violate that structure or retrace from that.

A bullish breakout of 103.6 and a daily candle close above that will confirm the dominance of bulls.
It will push the index much higher.
The next strong resistance will be 104.74

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