US. DOLLAR INDEX: DXY READY TO FLY.

Hello fellow traders!

I'm sharing my analysis on the DXY market. Currently, the DXY is experiencing a strong bullish trend, moving within a parallel channel. The support and resistance lines have been respected, indicating a clear trend.

Key Levels:
Support Zone: 107.20
Resistance Zone: 109.20 - 110.10

Market Analysis:
Based on this analysis, I have a bullish bias and suggest longing opportunities at the lower boundary of the channel.

Current Price: 107.70

Disclaimer:
This analysis is for educational purposes only and should not be considered as trading advice.

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