Hello Traders,
The Dollar Index (DXY) is currently in a downtrend with the price unable to break above the Resistance Zone (97.00). Price is currently at a Daily Support Zone which has been tested multiple times in the past, making it a great counter-trend area to look for buying opportunities.
If the price breaks below 95.380 (Support Zone) then I'll be looking for trend continuation trades on the dollar pairs during the London/New York trading session
The Dollar Index (DXY) is currently in a downtrend with the price unable to break above the Resistance Zone (97.00). Price is currently at a Daily Support Zone which has been tested multiple times in the past, making it a great counter-trend area to look for buying opportunities.
If the price breaks below 95.380 (Support Zone) then I'll be looking for trend continuation trades on the dollar pairs during the London/New York trading session