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tradingwithanthony
Feb 7, 2024 10:27 AM

DXY Dollar Index Technical Analysis and Trade Idea Long

U.S. Dollar Currency IndexTVC

Description

The #DXY has been trending upwards, rallying late last week before pulling back. A potential long trade might emerge if the price finds support during this pullback. Higher timeframes show a consistent bullish trend with higher highs and higher lows. We're looking for a buy entry around the 50%-61.8% Fibonacci zone, but remember, trading is risky. This analysis is just my opinion, not financial advice.
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