DXY D1 - Relief Rally
The dollar index has undergone a significant retreat, showcasing a robust decline from the recent swing low to the swing high. It elegantly touched the 618 region, displaying a compelling wick, and gracefully closed just above our crucial 103.000 support level.
Anticipating a potential rebound from this fortifying support zone, we may witness a temporary respite before a possible breach of the 103.000 support on the imminent second attempt.
Meanwhile, the US30, US100, and XAUUSD are scaling impressive heights, mirroring the upward momentum seen in GBPUSD and EURUSD. Stay tuned for a detailed analysis unfolding shortly.
The dollar index has undergone a significant retreat, showcasing a robust decline from the recent swing low to the swing high. It elegantly touched the 618 region, displaying a compelling wick, and gracefully closed just above our crucial 103.000 support level.
Anticipating a potential rebound from this fortifying support zone, we may witness a temporary respite before a possible breach of the 103.000 support on the imminent second attempt.
Meanwhile, the US30, US100, and XAUUSD are scaling impressive heights, mirroring the upward momentum seen in GBPUSD and EURUSD. Stay tuned for a detailed analysis unfolding shortly.
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Website - stan.store/TradeSimpleFX
Instagram: www.instagram.com/trade_simple_fx
e-Mail: info@tradesimplefx.com
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