75: DXY's Critical Support at 102 Sparks Potential for New Highs
Hello traders! 📈🔍 Taking a detailed look at DXY's technical analysis, it's evident that a crucial support has materialized at 102.564. This level bears significance, and a confirmed support could pave the way for potential upward movements.
To validate this support, we'll be closely monitoring if the price can sustain itself above 104.213, with a potential bullish trajectory aiming for the next resistance at 106.218 . A breakthrough beyond this resistance might signal the onset of an uptrend.
Conversely, a failure to maintain the support at 102.564, leading to a breach, could indicate the potential for a downtrend. Vigilance in observing DXY's technicals and other market indicators is key for making well-informed investment decisions.
Feel free to reach out with any queries or for further analysis! Happy trading! 📊💹 #DXY
To validate this support, we'll be closely monitoring if the price can sustain itself above 104.213, with a potential bullish trajectory aiming for the next resistance at 106.218 . A breakthrough beyond this resistance might signal the onset of an uptrend.
Conversely, a failure to maintain the support at 102.564, leading to a breach, could indicate the potential for a downtrend. Vigilance in observing DXY's technicals and other market indicators is key for making well-informed investment decisions.
Feel free to reach out with any queries or for further analysis! Happy trading! 📊💹 #DXY