FX.co ★ bryana.reichert | U.S. Dollar Index (USDX) in Forex Trading

Hello traders. The dollar index predictably continued its confident recovery after a very active growth on Friday, essentially confirming its reversal. The American session was completely bullish, strong, and significant, deserving special attention as usual. The candle is good and promising. Everything seems to indicate a real turnaround to the north perhaps. The tradition of weak Mondays seems to be broken, as the dollar doesn't always have to fall sharply on these days. In general, we already have an optimistic daily candle, and it's unlikely to change in the near future. Further recovery is the most realistic scenario, especially since we have already solidly established above the moving average, which is a significant signal. The only question is about the entry point, as there are currently no acceptable levels, and waiting for a correction might not be an option. This market is more for observation at the moment, rather than entering. I don't see a reason to enter here yet, unless to hold onto the purchases that traders already have. Target at least 97.75.