US30USD Weekly Analysis
Updated
This index has been forming a rising flag pattern for the past few weeks which IMO is a strong indicator of a bearish momentum.
I do anticipate that the momentum will continue and test the market zone at 38.2 A follow-up analysis using shorter time frames will follow.
I do anticipate that the momentum will continue and test the market zone at 38.2 A follow-up analysis using shorter time frames will follow.
Note
Let us wait for the price to retest the lower trendline, so that we can have a selling position.
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