From TradingView · · 40s
DXY Bullish Breakout
DXY breaks above 101.20 support with bullish target at 103.00.
In brief
DXY breaks above 101.20 support with bullish target at 103.00. DXY breaks above 101.20 support with bullish target at 103.00. Originally reported by TradingView.
Market Overview
DXY trades at 102.315 after breaking above 101.20 support.
Technical Analysis
Current price 102.315 tests resistance 102.30, 102.40 with support at 101.38, 101.50.
Trading Plan
Buy entry 101.95, 102.00 with targets 102.40, 102.60 and 103.00.
Fundamental Analysis
US Dollar influenced by Fed rates, Treasury yields, inflation and global demand.
Market Outlook
Short-term bullish with corrective pullback to 101.95, 102.00 before target 103.00.
The big picture
DXY breaks above 101.20 support with bullish target at 103.00.
