kartier

The DXY could be bullish

Long
TVC:DXY   U.S. Dollar Index
As we can see from the chart above, price broke out our descending channel in favour of a possible bullish trend. Price has been correcting ever since not giving clear direction. My Prediction on the DXY is that price could test 101.474 , reject it, and push higher in favour of the bullish trend. However if price fails to reject this level, it'll be safe to say that the breakout was in fact a fake out.
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