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The US Dollar index has been gaining lot of strength after seeing its low at 72 value, which is also our 1D structural OB.
We broke out from the 89.700 area that formed a change of character.
DXY traded between the 89 - 101 value and broke out successfully from the 101.890 area. I expected DXY to be valued the more hence, we should soon see a retest at the broken area and expect the value to get to 120 soon recorded as our major resistance.
Remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
The US Dollar index has been gaining lot of strength after seeing its low at 72 value, which is also our 1D structural OB.
We broke out from the 89.700 area that formed a change of character.
DXY traded between the 89 - 101 value and broke out successfully from the 101.890 area. I expected DXY to be valued the more hence, we should soon see a retest at the broken area and expect the value to get to 120 soon recorded as our major resistance.
Remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
