DXY
Hello traders,
Regarding the DXY (US Dollar Index), I have two potential scenarios in mind. Firstly, I'm anticipating a move above the 100.000 area, and once that happens, I'll be looking for an opportunity to trade the retest on this significant support level. However, if the DXY fails to break above 100.000, my focus will shift towards sell positions, as it could indicate a bearish continuation for the dollar. I'll be keeping a close eye on the market for the most favorable trading opportunity.
However, it's important to remain cautious of any news regarding the dollar, as such developments can swiftly alter the market's direction.