VasilyTrader

DOLLAR INDEX (DXY) Potential Reversal Zone to Watch

Long
TVC:DXY   U.S. Dollar Currency Index

Greenback keeps losing its value against major currencies.
However, technically speaking the trend still remains bullish .

Currently, the price is forming a retracement leg.

The next zone to watch for a bullish continuation is 91.0 - 91.4 area.

As a confirmation, rely on a bullish breakout of an underlined expanding wedge .

In case of a bearish breakout of the zone, the index will most likely go even lower.

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Comment: Check my new analysis on EURUSD:

Comments

Same idea thanks for sharing it ....but where do you put your first profit target
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Very Nice, Great Vasily !
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VasilyTrader pring2751
@pring2751, thank you my friend ☺️
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Nice one brother!
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VasilyTrader BULLSS1993
@BULLSS1993, thank you brother 😊
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looks very good
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@nico1fx, thank you bro!!!
+1 Reply
Thanks for sharing my friend 👍
It helps!
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@fcpomz, you are welcome buddy 🙏
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Do you agree with my analysis?
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