The Dollar Index is currently in a downward trend following the release of the CPI report yesterday.
🔻 Bearish Scenario:
The index may retest 97.90 before resuming its decline. A break below the 97.60 support level, with confirmation, could push the price toward the 97.20 area.
🔺 Bullish Scenario:
If bullish momentum emerges and the index breaks above 97.90 with a confirmed hold, it could retest the 98.50 level.
🔻 Bearish Scenario:
The index may retest 97.90 before resuming its decline. A break below the 97.60 support level, with confirmation, could push the price toward the 97.20 area.
🔺 Bullish Scenario:
If bullish momentum emerges and the index breaks above 97.90 with a confirmed hold, it could retest the 98.50 level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.