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DXY (USD Index) 4hour Analysis January 30th, 2022

Long
TVC:DXY   Indice devise Dollar U.S.
DXY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: The USD is looking extremely bullish and is currently resting at resistance near 97.250.

This is the zone where we will be looking for reactions (either a break or bounce). Ideally, we can see price action pullback to test new support and form structure as this recent rally is a bit overextended.

Trade scenario 2: If we see price action push through resistance near 97.250, look for a well established higher low above.

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