💹 DXY 4th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 108.514

Index consolidates near 108.514, testing critical technical boundaries

Critical Price Zones 🔍

Below DCMP Support:

✅ 108.012 (Immediate Demand Zone)

✅ 107.500 (Swing Low Anchor)

Above DCMP Resistance:

⛔ 108.621 (Near-Term Supply Zone)

⛔ 110.176 (Swing High Ceiling)

Swing Levels Alert 📌

Swing High: 110.176

Swing Low: 107.500

Technical Snapshot 📊

Fibonacci Retracement active between 107.500–110.176

RSI at 52.4 signals neutral momentum

MACD histogram flattens near zero, indicating range-bound action

Trade Setups 💼

Intraday Buy Opportunity 🟢

Entry: 🎯 108.012 (Key Support Cluster)

Stop Loss: 🚫 107.337 (Below Critical Support)

Take Profit 1: 🏁 108.621 (Immediate Resistance)

Take Profit 2: 🏁 109.470 (Mid-Term Target)

Intraday Sell Opportunity 🔴

Entry: 🎯 108.621 (Resistance Zone)

Stop Loss: 🚫 109.835 (Above Swing High)

Take Profit 1: 🏁 108.012 (Core Support)

Take Profit 2: 🏁 107.402 (Mid-Term Objective)

Risk Management ⚠️

Maintain 1:2 risk-reward ratio for optimal trade execution

Monitor Fed rate guidance and US economic data releases

Track global risk sentiment for USD correlations

Price action hinges on 108.514. Sustained break above 108.621 may trigger bullish momentum, while failure at 108.012 risks declines toward 107.402.

Liquidity Note: Focus on London/New York overlap (12:00–16:00 GMT). Geopolitical tensions or Fed speeches may override technical patterns.