Dollar Index (DXY): Complete Indecision
hey traders,
it looks like today we have an important day for us dollar.
analyzing daily timeframe we can notice with you that the index is currently standing on the important pivot point.
1-hour chart shows complete indecision and consolidation within the horizontal range.
it looks like the market participants are waiting for some trigger to identify the market future direction.
on the economic calendar, we have multiple announces and I believe that this news will make the market move.
being a technician I will be waiting for a breakout of the indecision range instead of investigating fundamental data.
the side of the breakout will show us the market direction for the next few days!
good luck!
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