Dollar Index (DXY): Is That a Bearish Setup 💲

2 de jan. de 2023

Hey traders,

Dollar index is approaching a key structure.
The price formed a descending triangle on that on a daily time frame.

Wait for its neckline bearish breakout.
It will most likely push the index lower.
Daily candle close below 103.4 will confirm the breakout.

Alternatively, a bullish violation of a trend line may push the price higher.

Good luck!

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