DOLLAR INDEX(DXY): Bearish Move From Key Level
I am impressed by the way the 📉Dollar Index responded to a significant horizontal resistance level on the 4-hour chart.
After the test, the pair entered a period of consolidation and established a horizontal range.
The breakout below the support of this range indicated a strong bearish signal.
Currently, we are witnessing a favorable retest of the broken structure and can expect a continued decrease in price. The target is set at 103.55.
After the test, the pair entered a period of consolidation and established a horizontal range.
The breakout below the support of this range indicated a strong bearish signal.
Currently, we are witnessing a favorable retest of the broken structure and can expect a continued decrease in price. The target is set at 103.55.
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