- The DXY (US Dollar Index) maintains a bullish trajectory within its broader uptrend. - Recent price action indicates a retracement to a significant daily (1D) support zone. - This technical setup presents potential buy opportunities in line with the prevailing bullish bias.
Trade Suggestion:
- Entry: Consider long positions upon confirmation of bullish trend shifts on a lower time frame at the current support level. - Targets: Aim for 105, 105.5, and 106 as price objectives. - Stop-Loss: Strategically place stop-loss orders below the immediate support to manage risk.
Important Disclaimer:
This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.