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

Hello traders, The price of the index has been predictably staying for a long time between two important zones, as I have mentioned in previous posts. However, now there may be more active movement, but again, most likely within those boundaries:

On the chart, there is a good impulse with a breakthrough of the trend line of the fifth wave, followed by a 62% correction. Therefore, I believe we can expect an upward movement towards 100.00. The target is below this round number and at the lower boundary of the expanding triangle, within which the price has clearly been working for the past few months, confirming the assumption of the formation of an expanding triangle and a breakout to the downside (the latter is a classic pattern from well-known traders like Elder). Considering the above, I think in the coming days it would be wise to trade on the strengthening of the dollar (buying the dollar against major currency pairs).