DOLLAR INDEX (DXY) Key Zone to Watch 💵

May 18, 2021

Bears keep pushing US dollar.
Since April the index lost almost 4% of its value.

Ahead is a current year's low.
89.2 - 89.7 is a historical demand area.
I believe that the index may bounce from that structure.

Your confirmation will be a bullish breakout of a falling wedge pattern.
It will signify the willingness of buyers to buy.

In case of a bearish breakout of the yellow cluster,
the further decline will be expected though.

May 19, 2021

Note

Watch my new video on EURUSD: