📊The DXY has been trading within a specific range since the end of last month. There are two possible outcomes depending on how the price reacts to the boundaries of this range.
📈In a bullish scenario, if the price breaks and closes above 103.80 (the upper boundary), I would expect it to continue rising to 104.27.
📉In a bearish scenario, if the price breaks below the support level of 102.93, we could anticipate a downward movement to 102.38.
It is recommended to wait for a breakout, as this will provide a strong confirmation of either a bullish or bearish trend...Trade safely 😉 👍 ✅️
📈In a bullish scenario, if the price breaks and closes above 103.80 (the upper boundary), I would expect it to continue rising to 104.27.
📉In a bearish scenario, if the price breaks below the support level of 102.93, we could anticipate a downward movement to 102.38.
It is recommended to wait for a breakout, as this will provide a strong confirmation of either a bullish or bearish trend...Trade safely 😉 👍 ✅️
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.