US DOLLAR INDEX ((DXY): Intraday Bearish Setup ? ?
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Via TradingView Ideas
US DOLLAR INDEX ((DXY): Intraday Bearish Setup ? ?
U.S. Dollar Currency Index TVC:DXY
linofx1
We observed two unusual breakouts on the DXY chart.
The market had been in a consolidation phase for about a week plus, during which the price formed a triangle pattern and a horizontal range.
Both the triangle support and the range were broken, indicating strength in selling pressure.
This suggests that the price could potentially drop to the 105.00 support level.
