Dollar Index (DXY): Is That a Bearish Setup 💲
Hey traders,
Dollar index is approaching a key structure.
The price formed a descending triangle on that on a daily time frame.
Wait for its neckline bearish breakout.
It will most likely push the index lower.
Daily candle close below 103.4 will confirm the breakout.
Alternatively, a bullish violation of a trend line may push the price higher.
Good luck!
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