The Dollar Index has quite an interesting chart — on the higher cycle, it’s clearly bearish, while on the lower cycles, it’s showing bullish movement. This situation can significantly increase trading risk, making stop-outs more likely, especially on the Dollar Index itself and even more so on EUR/USD.
Right now, we need to see whether it can finally break through the resistance it’s been struggling with for several months and reach 100, or not. ✅
Right now, we need to see whether it can finally break through the resistance it’s been struggling with for several months and reach 100, or not. ✅
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.