GhostSquawk

Dollar index back to the top of the range - #dxy $dxy #forex

Long
TVC:DXY   U.S. Dollar Index
Dollar index caught a huge bid yesterday as we moved from the lows of the range at 97.62 back up to the top at 99 handle. 99 handle is a key area and with only one more resistance at at 99.30 to break out of before the bull run in the dollar continues. Considering that the dollar had such a large move yesterday, its likely to see a mild pull back in the dollar into a fib level, before buyers come back in to push the price back up.

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.