DXY - Where Next? 🤔

We had a breakout of a descending wedge on the daily timeframe at the start of this year, which indicated that we are on the verge of a reversal from bearish to bullish.

We could be making a double bottom before moving up. Safest thing to do is to monitor to the descending trendline and wait for a break.

DXY is used to anticipate US dollar strength and is inversely correlated with EURUSD and GOLD. We can use this chart to gain really good entries for other pairs!