DXY plan
📈 **USD Index Technical Outlook** 📈
The U.S. Dollar Index is approaching a critical resistance level, which previously triggered a substantial bearish response. However, recent price action reveals an inability to push lower, signaling a potential shift in momentum towards the upside.
- Key Level to Watch : 104.500 – A decisive break above this resistance could pave the way for further bullish movement, suggesting renewed strength in the dollar.
- Market Sentiment**: Failure to establish lower lows underscores increasing bullish interest, enhancing the probability of an impending breakout.
The U.S. Dollar Index is approaching a critical resistance level, which previously triggered a substantial bearish response. However, recent price action reveals an inability to push lower, signaling a potential shift in momentum towards the upside.
- Key Level to Watch : 104.500 – A decisive break above this resistance could pave the way for further bullish movement, suggesting renewed strength in the dollar.
- Market Sentiment**: Failure to establish lower lows underscores increasing bullish interest, enhancing the probability of an impending breakout.
Trade closed: target reached
plan complete
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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.