VasilyPonomarev
Long

U.S DOLLAR INDEX (DXY) Important Moment!

TVC:DXY   U.S. Dollar Currency Index

Dollar index is back again within a major rising channel .

after two fake breakouts to the upside and to the downside, the greenback is approaching the channel's resistance.

usd has already proven its ability to easily break the boundaries, so this time might be the same.

pay attention to the reaction of the market:
in case of a bullish breakout, chances will be high that the current structure high - 103.0 level will be reached.
in case of a retracement, the support of the channel most likely will be reached.

good luck!
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❗️VIDEO ANALYSIS https://youtu.be/BOimRoHbJ0U

Comments

got the same, I see bearish move down to the channel again.
Reply
thank you man. Can you share your ideas about gold and silver?
Reply
WIll it break or usd might drop?
what do you think?
Reply
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