Pivot Point: 94.25
The expected scenario: entering into buying deals at the highest levels of 94.25, targeting the levels of 94.90.
Alternative scenario: entering into short deals at the lowest levels of 94.25, targeting the levels of 93.75.
Commentary: The dollar index witnessed a change in the general bearish trend to bullishness in the short term, and it started forming an ascending price channel, with a clear breach of the 50-100 moving averages, in a confirmation indication of the presence of more rises, Especially in light of the presence of the liquidity flow index in oversold areas, which supports the positive outlook for the dollar index trading in the short term.
