tradingwithyg

DXY - Monthly Chart Analysis

TVC:DXY   U.S. Dollar Index
Price made contact with the 130 EMA at the beginning of 2018 creating a level of support around the 91.5 level. It also looks to be breaking out of the downtrend it was in for the majority of 2017. Price is currently testing a level that has acted as support in the past. If price can continue its bullish momentum and get above the 29 EMA this will confirm long-term bullish momentum. The level to watch here is 94. Will need lots of positive US data for this to happen.

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