InvestMate

InvestMate|Dollar An Upward Correction?💲

Long
TVC:DXY   U.S. Dollar Index
💲Dollar An Upward Correction?

💲Is the dollar getting ready to make an upward correction?

💲Post is a direct continuation of the last post in which I wondered from what level an upward correction would be possible:

💲As you can see, the price has held the first support zone steadily in recent days.

💲Looking at the Dollar compared to other currencies, it is not hard not to get the impression that some kind of correction is in preparation.

💲I am leaning more and more towards this scenario.

💲If a correction were to occur I expect a breakout to the vicinity of the nearest resistance zone, which I described in detail in the previous post.

💲The scenario I'm playing out is that I'm waiting for a strong upward reaction and for the upside to join the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💲*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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