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  • Vasily Trader

DOLLAR INDEX (DXY) Important Decision Ahead!



Hey traders,


Dollar index is approaching a key weekly resistance cluster.


94.6 - 95.0 is the decision zone.

Depending on the reaction of the price to that I see two potential scenarios:

In case of a bullish breakout of the yellow zone,

a strong bullish continuation will be expected.

Next resistance will be 96.0 level


In case of a bearish breakout of a support line of a rising wedge pattern,

a strong bearish movement will be expected.

Next support will be 92.0 level


Wait for the reaction first, then follow the market.

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