US Dollar Index Resumes Bullish Path After Key Support Reaction
Over the past week, DXY made a deeper correction to 98.94, where it also found very strong support.
DXY returned to the top of the structure by creating a new historical record level near 100.60.
So far, the price is rising as we expected from our old analysis and considering the way the US dollar has been behaving recently, the chances of DXY continuing the upward movement are higher.
It may take time considering that Trump is still making the markets a mess every day, but the direction remains up, but with no signs of reversal.
Key targets:
101.8 and 103.30
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Previous analysis:
Over the past week, DXY made a deeper correction to 98.94, where it also found very strong support.
DXY returned to the top of the structure by creating a new historical record level near 100.60.
So far, the price is rising as we expected from our old analysis and considering the way the US dollar has been behaving recently, the chances of DXY continuing the upward movement are higher.
It may take time considering that Trump is still making the markets a mess every day, but the direction remains up, but with no signs of reversal.
Key targets:
101.8 and 103.30
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Previous analysis:
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.