Dollar Index (DXY): Trading Plan Ahead of Payrolls 💵

2 Feb

https://www.tradingview.com/x/4XnYAd1e/

Dollar Index is testing a support of a horizontal range on a daily now.

Ahead of the non-farm payrolls report, watch carefully the intraday price action.
The price is currently consolidating within a narrow range on an hourly time frame.

Its resistance breakout can give us a strong bullish confirmation.

Hourly candle close above 103.1 will confirm a violation,
a bullish continuation will be expected at least to 103.25

Remember that a bearish violation of a support of the range on a daily will invalidate the setup.

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