DXY will fall from Potential Reversal zone ? #DXY (Dollar Index): Important Decision Ahead
Many dollar pairs are standing on key levels today. With a coming CPI report, the market participants are waiting for the trigger to either push the Greenback higher or to finally start shorting it.
⚠️DXY is testing a historical resistance at the moment. Bearish movement will initiate only fasle bull breakout of Potential Reversal zone. That will be a decent confirmation. target will be 92.5 firstly
For bullish scenario, consider a daily candle close above the underlined daily resistance as the confirmation for a further bullish continuation.