DXY is currently reacting from a strong demand zone around 97.6 with a clear rejection and bounce.
This area is acting as a critical support.
As long as price holds above this level, the bias remains bullish in the short term.
📈 Bullish Scenario:
Buy zone: 97.69-97.71
Target 1: 98.19
Target 2: 98.63
SL: 96.90
📉 Bearish Scenario:
If price breaks and closes below 97.46
downside continuation towards 96.26
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
This content is not financial advice. Always conduct your own financial due diligence.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
This area is acting as a critical support.
As long as price holds above this level, the bias remains bullish in the short term.
📈 Bullish Scenario:
Buy zone: 97.69-97.71
Target 1: 98.19
Target 2: 98.63
SL: 96.90
📉 Bearish Scenario:
If price breaks and closes below 97.46
downside continuation towards 96.26
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
This content is not financial advice. Always conduct your own financial due diligence.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
Note
Target1: Hit +Trade active
Trade closed: target reachedTarget2: Hit +92 PIPS
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💎 HENG FOREX95 : Trading Community
• Free Trading Signals (Daily) 📈
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• Free Trading Signals (Daily) 📈
• Best Broker Rates & Rebates ✅
• Partnership Support 🤝
🌐 Linktree (All Connections):
linktr.ee/hengforex95
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.