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GhostSquawk
Apr 12, 2022 12:18 PM

Dollar going higher - #dxy #dollar #forex Long

U.S. Dollar Currency IndexTVC

Description

The dollar index is pushing its way towards 100.70 as we broke and closed above the 100 handle yesterday. As of now, the momentum on the dollar index is so strong that we see little to no pull back on its way towards the next resistance point. With the CPI data coming out this morning, its the catalyst that we need for the next more in the dollar index. However, if the data disappoints we could see a sharp reversal of the dollar trade and possibily taking us back down towards the 100 or 99.65 area.
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