US DOLLAR INDEX ((DXY): Intraday Bearish Setup 💵 💲
We observed two unusual breakouts on the DXY chart.
The market had been in a consolidation phase for about a week plus, during which the price formed a triangle pattern and a horizontal range.
Both the triangle support and the range were broken, indicating strength in selling pressure.
This suggests that the price could potentially drop to the 105.00 support level.
The market had been in a consolidation phase for about a week plus, during which the price formed a triangle pattern and a horizontal range.
Both the triangle support and the range were broken, indicating strength in selling pressure.
This suggests that the price could potentially drop to the 105.00 support level.
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