DXY Technical Analysis and Trade Idea

Technical Outlook:

- The DXY (US Dollar Index) maintains a bullish trajectory within its broader uptrend.
- Recent price action indicates a retracement to a significant daily (1D) support zone.
- This technical setup presents potential buy opportunities in line with the prevailing bullish bias.

Trade Suggestion:

- Entry: Consider long positions upon confirmation of bullish trend shifts on a lower time frame at the current support level.
- Targets: Aim for 105, 105.5, and 106 as price objectives.
- Stop-Loss: Strategically place stop-loss orders below the immediate support to manage risk.

Important Disclaimer:

This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.