https://www.tradingview.com/x/XMrjV3fQ/
Dollar Index in consolidating within a horizontal trading range on a daily.
Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 102.85 resistance on a daily,
I will expect a bullish continuation to 103.3 area.
Bearish Scenarios
If the price breaks and closes below 101.35 support,
a bearish movement will be expected to 100.6 level.
As always, the best strategy to follow is to wait for a breakout.
For now, it feels like the market will keep staying within the range though.
❤️Please, support my work with like, thank you!❤️
Dollar Index in consolidating within a horizontal trading range on a daily.
Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 102.85 resistance on a daily,
I will expect a bullish continuation to 103.3 area.
Bearish Scenarios
If the price breaks and closes below 101.35 support,
a bearish movement will be expected to 100.6 level.
As always, the best strategy to follow is to wait for a breakout.
For now, it feels like the market will keep staying within the range though.
❤️Please, support my work with like, thank you!❤️
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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.
✅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.