Analysis of Dollar / DXY

As I mentioned in yesterday's analysis, there is a strong bullish momentum. Today, after the market opened, we saw that the price continued in that direction, following the upward trend. I took advantage of this momentum on other currency pairs and entered trades.

On the weekly time frame, we can see a lot of liquidity as well as movement within a consolidation zone. What I anticipate could happen tomorrow is a pullback due to news and a continuation of the momentum on the daily time frame.

Of course, we need to wait and be patient before entering a trade.