Hey traders,
Dollar index is approaching a key weekly resistance cluster.
94.6 - 95.0 is the decision zone.
Depending on the reaction of the price to that I see two potential scenarios:
- In case of a bullish breakout of the yellow zone,
a strong bullish continuation will be expected.
Next resistance will be 96.0 level - In case of a bearish breakout of a support line of a rising wedge pattern,
a strong bearish movement will be expected.
Next support will be 92.0 level
Wait for the reaction first, then follow the market.
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.