Price is bouncing in a descending triangle pattern after a significant growth.
Currently, we are facing a bearish pressure and price is rejected from the triangle’s upper side.
If price breaks the yellow support level and closes a bearish 4H candle below this level, I expect more drop on DXY towards the triangle lower side around 97.800
Currently, we are facing a bearish pressure and price is rejected from the triangle’s upper side.
If price breaks the yellow support level and closes a bearish 4H candle below this level, I expect more drop on DXY towards the triangle lower side around 97.800
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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.