Title: DXY, H4 Potential for Bullish Rise
Type : Bullish Rise
Resistance : 105.252
Pivot: 104.209
Support : 103.522
Preferred Case: On the H4, with price moving in an ascending trendline and above the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 104.209 at the pullback support in line with the 78.6% fibonacci retracement to the 1st resistance at 105.252 in line with 61.8% fibonacci projection and multiple swing highs.
Alternative scenario: Alternatively, price may drop from the pivot to the 1st support at 103.522 at the swing low in line with the 61.8% fibonacci projection .
Fundamentals: Uncertainty about peak inflation in the US continues to support the dollar
Type : Bullish Rise
Resistance : 105.252
Pivot: 104.209
Support : 103.522
Preferred Case: On the H4, with price moving in an ascending trendline and above the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 104.209 at the pullback support in line with the 78.6% fibonacci retracement to the 1st resistance at 105.252 in line with 61.8% fibonacci projection and multiple swing highs.
Alternative scenario: Alternatively, price may drop from the pivot to the 1st support at 103.522 at the swing low in line with the 61.8% fibonacci projection .
Fundamentals: Uncertainty about peak inflation in the US continues to support the dollar