DXY (Dollar Index): Important Decision Ahead

11 באוג׳ 2021

Many dollar pairs are standing on key levels today.
With a coming CPI report, the market participants
are waiting for the trigger to either push the greenback higher
or to finally start shorting it.

DXY is testing a historical resistance at the moment.
Bearish movement will initiate only after a bearish breakout of a rising channel on 1H.
That will be a decent confirmation.

For bullish scenario, consider a daily candle close above the underlined daily resistance
as the confirmation for a further bullish continuation.

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12 באוג׳ 2021

הערה

Check my new analysis on EURUSD: