DOLLAR INDEX (DXY) Technical Outlook 💵
Quick update for Dollar Index.
Even though the market is trading in a global bullish trend,
from the end of September, we see a correctional movement.
The price broke and closed below an important horizontal demand cluster.
Now the broken structure turned into resistance.
I remain bearish biased and assume that the next goal for sellers is 104.65 - 105.05 support.
It is the closest strong structure.
Alternatively, a bullish breakout of the underlined resistance may trigger a bullish wave.
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