DXY: Dollar Reversal – Bullish Breakout to 104!

h3>πŸ’΅ US DOLLAR INDEX: Channel Support Bounce to 104!

πŸ“Š Market Overview

Timeframe: Daily Chart
Market: US Dollar Index (DXY)
Bias: BULLISH 🟒

πŸ“ˆ Wave Analysis

DXY has completed a corrective pattern at the lower channel boundary (96.50-97.00). This creates
a high-probability long setup for Wave 3 rally to 103-104!

Key Points:

  • βœ… Correction complete at channel support
  • 🎯 Target: 103.00-104.00
  • πŸ’Ž R/R: 1:8 from current levels

🎯 Trade Setup

Entry: 96.50-97.50
Stop: Below 96.00
Target: 103-104
Gain Potential: 700+ pips

⚑ Bottom Line

Channel support reversals are reliable! USD strength ahead.

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