Quick idea.
DXY is currently trading above its short-term upside support line, but in order to get comfortable with further upside, we need to see a clear push above the 98.45 barrier first, before examining higher areas. Such a move would confirm a forthcoming higher high and we may see more buying-interest of USD.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
DXY is currently trading above its short-term upside support line, but in order to get comfortable with further upside, we need to see a clear push above the 98.45 barrier first, before examining higher areas. Such a move would confirm a forthcoming higher high and we may see more buying-interest of USD.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
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