Aleksin_Aleksandar

Dollar index long view, 4H TF and Fibonacci setup

Long
TVC:DXY   U.S. Dollar Index
The dollar index is in a short retreat from the previous high of 109,315 level. We see that we have support at the 38.2% Fibonacci level. Any pullback that ends above the 50.0% Fibonacci level confirms the continuation of the previous trend. A potential bigger pullback could occur to 105,740 at the 61.8% Fibonacci level, a breakout point in the last bullish impulse, and a retest of the support zone.

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