DOLLAR INDEX (DXY) Key Zones to Watch 💵

26 ביולי 2022

After setting a new higher high higher close 10 days ago, Dollar Index is retracing.
Here are the key zones to watch from where we may see a trend-following move:

Support 1 - 2 is based on a confluence zone between a major rising trend line and 105.1 - 105.8 demand zone.
Support 3 is based on 102.5 - 103.8 demand zone.

Once one of these zones is reached, look for a confirmation on long time frames to confirm a coming bullish impulse.
I will post an update one I spot a decent confirmation.

Alternatively, bearish breakout of these zone will trigger selling waves.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

27 ביולי 2022

הערה

Check my new analysis on GBPAUD: