US DOLLAR (DXY): Technical Analysis & Bullish Outlook
The dollar index fell below a significant intraday support level on a 4-hour chart but was unable to close below it.
This support could potentially lead to a slight upward movement before a possible retracement.
I anticipate a bullish correction for the pair, with a target of 105.34 / 105.56
This support could potentially lead to a slight upward movement before a possible retracement.
I anticipate a bullish correction for the pair, with a target of 105.34 / 105.56
Comment:
The Dxy price has hit the predicted targets, and we anticipate a downward correction.
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