Dollar Index (DXY): Potential Scenarios Explained ๐ต
https://www.tradingview.com/x/7yL4y5BW/
That was quite a boring week for Dollar Index.
The market was stuck within a narrow horizontal range on a daily.
Next week, wait for a breakout of the range.
Bullish breakout of its resistance will be a strong trend following signal,
while a bearish violation of its support will initiate a correctional
movement on the market.
Next key resistance - 106.85
Next key support - 105.20
โค๏ธPlease, support my work with like, thank you!โค๏ธ
That was quite a boring week for Dollar Index.
The market was stuck within a narrow horizontal range on a daily.
Next week, wait for a breakout of the range.
Bullish breakout of its resistance will be a strong trend following signal,
while a bearish violation of its support will initiate a correctional
movement on the market.
Next key resistance - 106.85
Next key support - 105.20
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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