May1: DXY is showing upside move today before upcoming MAY 3 FOMC meeting.
AS PER CME probability tool 93% chance that FED will increase interest rate by 25BP which make DXY strong from support.
breakout this level will try upper level.
We expect DXY will stay in this range for next 6 month.
In case of pause which chance very low, Market will be super bullish and DXY loose its value.
Eurozone Interest Rate decision also coming on May 4. Forecast is for 3.75% means they may also increase 25 BP.
EYE on BOTH EVENT.
