Dollar index is approaching a key daily structure support.
103.4 - 103.8 is the zone on focus.
Depending on the reaction of the market to that, I see 2 potential scenarios:
If the price breaks a resistance of a falling wedge pattern on a daily,
a bullish movement will be expected.
If the price breaks and closes below a green support though,
a bearish movement will be expected.
Everything will most likely depend on the FOMC meeting.
âĪïļIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!âĪïļ
â
Join My Telegram Channel: t.me/VasilyTrading
âïļYouTube Channel www.youtube.com/c/VasilyTrader
ð°Instagram: www.instagram.com/VasilyTrader/ ð°
â Facebook: www.facebook.com/VasilyTrading/ â
âïļYouTube Channel www.youtube.com/c/VasilyTrader
ð°Instagram: www.instagram.com/VasilyTrader/ ð°
â Facebook: www.facebook.com/VasilyTrading/ â