NeptenFX

DXY 24.07.2023

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DXY

Hello traders,
After a bullish week in the DXY (US Dollar Index), I'm considering potential bearish positions once again. There's a significant daily resistance zone around 101.000 that has caught my attention. If we manage to convincingly break above the 101.000 zone, I'll be looking for opportunities to trade a retest of this level as support. However, if the DXY fails to break above 101.000 and shows signs of a reversal, I'll be interested in exploring sell positions. As always, I'll be closely monitoring the market for confirmation and suitable entry points for my trades.

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