DXY (USD Index) 4hour Analysis June 14th, 2020
DXY Long Idea
Last week we saw a bounce from our monthly support around 96.00 as expected and a break of a 1hour lower high.
From here we could see DXY show some bullish momentum and push price action up toward our 98.50 zone which was the bottom of our daily range.
Strong bullish setups from the current area pushing price action through the Monthly trendline is what we need to see to confirm this transition to the upside.
Last week we saw a bounce from our monthly support around 96.00 as expected and a break of a 1hour lower high.
From here we could see DXY show some bullish momentum and push price action up toward our 98.50 zone which was the bottom of our daily range.
Strong bullish setups from the current area pushing price action through the Monthly trendline is what we need to see to confirm this transition to the upside.
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