In my latest DXY analysis, I mentioned that the 100.00 level remains the next key target for the U.S. Dollar Index.
After an initial push higher to 99.55, the index faced some selling pressure and is now trading slightly below 99.00.
However, the constructive bullish structure remains intact as long as price holds above the 99.60 support zone.
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1. Technical Context
• The recent pullback looks more like a healthy correction rather than a trend reversal.
• The higher-lows pattern remains valid, keeping the bullish momentum alive.
• The 99.60 area now acts as a key pivot zone — holding above it favors a renewed push toward 100.00.
________________________________________
2. Trading Implications
Given this setup, selling rallies in EUR/USD and GBP/USD remains the preferred strategy, as both pairs are likely to face renewed dollar strength once DXY resumes its upward leg.
________________________________________
In short:
The Dollar Index remains bullish.
As long as 99.60 holds, the path of least resistance stays upward — and 100 remains on the radar. 🚀
After an initial push higher to 99.55, the index faced some selling pressure and is now trading slightly below 99.00.
However, the constructive bullish structure remains intact as long as price holds above the 99.60 support zone.
________________________________________
1. Technical Context
• The recent pullback looks more like a healthy correction rather than a trend reversal.
• The higher-lows pattern remains valid, keeping the bullish momentum alive.
• The 99.60 area now acts as a key pivot zone — holding above it favors a renewed push toward 100.00.
________________________________________
2. Trading Implications
Given this setup, selling rallies in EUR/USD and GBP/USD remains the preferred strategy, as both pairs are likely to face renewed dollar strength once DXY resumes its upward leg.
________________________________________
In short:
The Dollar Index remains bullish.
As long as 99.60 holds, the path of least resistance stays upward — and 100 remains on the radar. 🚀
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎Get Funded Up to $1 Million with SabioTrade
Use my exclusive link and get 30% OFF your challenge.
👉shorturl.at/b5yyz
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎Get Funded Up to $1 Million with SabioTrade
Use my exclusive link and get 30% OFF your challenge.
👉shorturl.at/b5yyz
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.