U.S DOLLAR INDEX (DXY) Important Moment!

6 kwi 2020

Dollar index is back again within a major rising channel.

after two fake breakouts to the upside and to the downside, the greenback is approaching the channel's resistance.

usd has already proven its ability to easily break the boundaries, so this time might be the same.

pay attention to the reaction of the market:
in case of a bullish breakout, chances will be high that the current structure high - 103.0 level will be reached.
in case of a retracement, the support of the channel most likely will be reached.

good luck!