VasilyTrader

Dollar Index (DXY): Your Trading Plan 💵

Short
TVC:DXY   U.S. Dollar Index

After a massive selloff, Dollar Index retraced to a key horizontal resistance.
We can see that the market is currently consolidating within the underlined blue area.

To short the market with a confirmation, let the price break the support of the range.
4H candle close below 102.37 will confirm the violation.

A bearish continuation will be anticipated at least to 102.0 level then.

Alternatively, a bullish breakout of the resistance of the range will
extend the correctional movement at least to 102.86

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