US Dollar Index Daily: Are we in front of a right shoulder formation in an H&S pattern for the Dollar Index?. If so, a smaller H&S that seems to be forming in the 4H and 1H charts must be broken to the downside, opening the door for general dollar weakness. This scenario fits perfectly with the Daily Bullish reversal candles that we saw after the FOMS last week at major dollar pairs. Key levels to watch in the 4H and 1H charts is the 92.90-00 area...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.