DXY LONG IDEA

We have come to a major support level on the dollar index i am looking for a bounce back for the dollar and looking for my target to hit by the next NFP. The precious metals market has had a long bull run due to uncertainty in he markets and with the virus but on Tuesday we saw gold and sliver took a huge dip which could be a correction and a more risk on stance. This trade has great risk to reward ratio and also the Russian vaccine has been announced but still uncertain due to the testing and how the EU and USA declare what is a vaccine since testing regulations differ.