GhostSquawk

Dollar index could blow pass 100.70 - #dxy #forex

Long
TVC:DXY   U.S. Dollar Index
The dollar index catch a big bid late Friday to take it pass the 100 handle. As this market is continue to trend higher and the market enviroment looks right for further rallies, we ask the question, can the dollar index blow pass the 100.70 highs set back during covid-19 pandemic? The technical suggest to us that there is enough buying momentum to at least retest those levels to the highs. As for a break of that level, we would need to wait and reassess if its possible once the market starts trading at that price.

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