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DXYDailyBullish

US Dollar Index (DXY) daily (SMC): buy the 101.10–101.40 zone

FXFibo editorial · · 1 min read
Summary

The daily structure in US Dollar Index (DXY) is bullish: a bullish break of structure (BOS) at 102.535, with price now around 101.65. The 101.10–101.40 area is the main buy zone.

BiasBullishEntry zone101.30Stop loss100.85Target 1102.36Target 2102.95StatusActive
Invalidation: Daily close below 100.87
US Dollar Index (DXY) daily (SMC): buy the 101.10–101.40 zone

Main scenario

  • Entry zone: 101.10–101.40 (around 101.30)
  • Stop: 100.85
  • Targets: 102.36 and 102.95
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A daily close below 100.87 invalidates the main scenario and opens the way to 100.87.

Key levels

  • Resistance: 102.36, 102.54, 102.95
  • Support: 101.40, 101.10, 100.87

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.