Dollar index on the daily chart is moving in a falling channel pattern since its top in January 2017. The EURUSD pair along with GBPUSD are nearing the resistance zone on the weekly scale indicating a top formation. Development of 1st positive divergence on the daily chart supports stance for a bottom.
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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.