Dollar Index (DXY): Important Resistance Ahead! 💵
The Dollar Index is nearing a key resistance range of 103.81 - 103.61, and how the price reacts in this area will dictate its future direction.
📈A breakout above this range and a 4-hour candle closing above it would confirm a long-term bullish trend and likely lead to a bullish rally.
📉On the other hand, if the price fails to break above the resistance level, it could trigger a corrective movement.
I will provide an update once a clear confirmation is seen. In the meantime, it's best to be patient and observe the market's reaction.
📈A breakout above this range and a 4-hour candle closing above it would confirm a long-term bullish trend and likely lead to a bullish rally.
📉On the other hand, if the price fails to break above the resistance level, it could trigger a corrective movement.
I will provide an update once a clear confirmation is seen. In the meantime, it's best to be patient and observe the market's reaction.
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