Dollar index on the cusp of breaking out - #dxy $dxy #forex $eur
The dollar index is trading back the top of the range of our bull wedge and appears to be on the cusp of breaking out higher. The resistance at 99.30 is likely going to give way to the dollar index as it tries to move towards the 100 handle. With the technical aligning and the fundamentals aligning, we believe that its highly likely these levels will be taken out early this week.