• sima704346

DOLLAR INDEX (DXY) Key Zone to Watch (trading plan)

Bears keep pushing US dollar .

Since April the index lost almost 4% of its value.

Ahead is a current year's low.

89.2 - 89.7 is a historical demand area.

I believe that the index may bounce from that structure.

Your confirmation will be a bullish breakout of a falling wedge pattern.

It will signify the willingness of buyers to buy.

In case of a bearish breakout of the yellow cluster,

the further decline will be expected though.