The US Dollar Index is currently moving sideways, awaiting today’s CPI report.
🔻 Bearish Scenario:
If the price breaks below 98.45 and holds under this level, the decline could extend toward 98.00.
🔺 Bullish Scenario:
If the price rises again and breaks above 98.70, holding above it, we may see a retest of the 99.00 resistance level, which is a key short-term pivot.
🔻 Bearish Scenario:
If the price breaks below 98.45 and holds under this level, the decline could extend toward 98.00.
🔺 Bullish Scenario:
If the price rises again and breaks above 98.70, holding above it, we may see a retest of the 99.00 resistance level, which is a key short-term pivot.
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.
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.