Trade Alert
DXY is currently stuck within a range between the 94.95 and 95.35 levels. Before making a move, we will wait for a break and a close on the daily chart, either above the upper side of the range, or the lower side of it. Only then we could start examining levels in the direction of the break.
A break through the 95.35 level could set the stage for a possible upmove towards the next potential area of resistance at 95.55, which acted as both strong support and resistance in the first days of October.
On the other hand, a break below the lower side of the range could open the path towards the area around the 94.73 level, which acted as good resistance on the 18th of September.
Please review the chart for details.
Always have your SL in place.
DXY is currently stuck within a range between the 94.95 and 95.35 levels. Before making a move, we will wait for a break and a close on the daily chart, either above the upper side of the range, or the lower side of it. Only then we could start examining levels in the direction of the break.
A break through the 95.35 level could set the stage for a possible upmove towards the next potential area of resistance at 95.55, which acted as both strong support and resistance in the first days of October.
On the other hand, a break below the lower side of the range could open the path towards the area around the 94.73 level, which acted as good resistance on the 18th of September.
Please review the chart for details.
Always have your SL in place.