In early October, I wrote that the multiple attempts to break below the support level given by the beginning of the year price were likely false breaks.
I suggested that the DXY (U.S. Dollar Index) was primed for a reversal to the upside, which could potentially push the price toward the 104 resistance level.
As anticipated, the USD Index reversed and touched this key resistance.
Looking ahead, a correction from this point seems probable, with the 102.50 zone being a possible target in the coming days.
My strategy is to look for buying opportunities in EUR/USD and AUD/USD.
I suggested that the DXY (U.S. Dollar Index) was primed for a reversal to the upside, which could potentially push the price toward the 104 resistance level.
As anticipated, the USD Index reversed and touched this key resistance.
Looking ahead, a correction from this point seems probable, with the 102.50 zone being a possible target in the coming days.
My strategy is to look for buying opportunities in EUR/USD and AUD/USD.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.