Hello traders, as you can see we have a very strong reversal structure. Price is forming a very strong pattern to the upside . Many reasons to be BULLISH IN DXY. My advise is to wait for the price to retrace before executing Long trades.
Fundamental Reasons ( fx street source)
America is hiring again with the Re-Openning. The Fed is walking the walk toward tapering bond buys ( hawkish Policy) Inflation concerns to become dollar’s friend US to absolutely outperform Eurozone and Japan Growth and inflation are set to rise Rising expectations for a Fed rate hike America's accelerated growth path to continue boosting the dollar US economy is well on its way to digging itself out of the pandemic US vaccine rates prompt market and dollar optimism