The Dollar Index has quite an interesting chart — on the higher cycle, it’s clearly bearish, while on the lower cycles, it’s showing bullish movement. This situation can significantly increase trading risk, making stop-outs more likely, especially on the Dollar Index itself and even more so on EUR/USD.
Right now, we need to see whether it can finally break through the resistance it’s been struggling with for several months and reach 100, or not. ✅
Right now, we need to see whether it can finally break through the resistance it’s been struggling with for several months and reach 100, or not. ✅
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