DXY: The Bounce after the Golden Hold

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DXY: The Bounce after the Golden HoldU.S. Dollar Currency IndexTVC:DXYGivtrade_GroupDXY just held a major level, signalling a big move ahead DXY has been in an uptrend all year, forming higher highs and higher lows while metals bleed. We have been ranging between 101.6$ and 100.3$ for the last month and it finally seems like a breakout is looming. This comes after price retested 100.3$ , also known as the 0.618 golden pocket and instantly reacted, showing bullish signs. Now as long as this level holds, then pressure remains to the upside with bulls targeting 102$. Now with Geopolitical events escalating , the more DXY is favourable for a bounce as Oil reaches higher. Remember there are always multiple factors when it comes to the DXY : geopolitical events and price action being at the forefront. Make sure to watch out for the levels, they indicate they most likely move. Make sure to follow our channels