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DXY Approaching Major Decision Zone

U.S. Dollar Index (TVC:DXY)  
Royal_Trades  
TVC:DXY   U.S. Dollar Index
Trend Analysis Support and Resistance Trend Lines DXY DJ FXCM Index
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trendanalysis supportandresistance trendline dxy usdollar
DXY is approaching major decision zone with a strong support trendline at around 99.34. This level is also underpinned by its 50-day moving average.

If you are looking to go long, wait for descending channel breakout and confirmation. I would also wait for today's PCE Price Index release...
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