The skill of technical analysis can be used on any market and on any timeframe and today i wanted to show you an example of this on the US Dollar Index
Recently the DXY has violated a previous level of structure breaking to the upside. As we begin to get some dollar relief we're seeing a retracement back into the level of the initial breakout. For those looking to get long this is the perfect opportunity to start looking for opportunities.
A hold of the 94 level would be ideal, but as long as we don't violate 93.20's I'll be holding on to my bullish bias.
Recently the DXY has violated a previous level of structure breaking to the upside. As we begin to get some dollar relief we're seeing a retracement back into the level of the initial breakout. For those looking to get long this is the perfect opportunity to start looking for opportunities.
A hold of the 94 level would be ideal, but as long as we don't violate 93.20's I'll be holding on to my bullish bias.
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