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Bearish Outlook for the Dollar Index (#DXY): Key Insights
In our earlier analysis of the 📉Dollar Index, we highlighted a consistently bearish outlook.
The price has broken below a rising trendline and the neckline of a double top pattern on the 4-hour chart. It is now testing the confluence zone formed by these breached structures.
A decline appears highly probable, with target levels set at 105.70 and 105.43.
The price has broken below a rising trendline and the neckline of a double top pattern on the 4-hour chart. It is now testing the confluence zone formed by these breached structures.
A decline appears highly probable, with target levels set at 105.70 and 105.43.
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