A Bearish Week for the dollar(DXY) 21/April/2025

We are still bearish on the dollar overall. This is due to the unstable market conditions that we have seen around the dollar as well as the fast price rally downwards on the dollar index in the last few weeks. Even though we are bearish on the dollar, we might look for short buys to price level 100.273 on the dollar index. If the price continues going lower, the first price level that we will be looking to take our profits is level 98.341 on the dollar index. If price continues going lower, the next level that we will be looking to take our profits is level 97.689 on the dollar index. To learn how to correctly read the Forex markets and be able to predict price levels correctly as we have continuosly done, check out the free lessons on our website, in the Trading Lessons category. Wishing you consistent profits and a lovely week.

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Consistency is what separates the elites from the normals.