dainiushka

DXY, Bullish Pennant

Long
TVC:DXY   U.S. Dollar Index
DXY looks very bullish, has all ema( 10 50 100 200) and sma support, RSI is in the bullish area, near 60 level. The price is above pivot point, it is a bullish sign. Has the main trendline support. Price formed a bullish pennant. We should wait for confirmation to one or another side from pennant. Consumer Price Index rises to highest since 1982 to 6.8% y/y, and 0.8% m/m, so fed sooner or later will rise interest rates. It is bullish for dollar. Price is above 96.25, the next nearest resistance 96.50.
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