DOLLAR INDEX (DXY) Potential Reversal Zone to Watch
Updated
Greenback keeps losing its value against major currencies.
However, technically speaking the trend still remains bullish.
Currently, the price is forming a retracement leg.
The next zone to watch for a bullish continuation is 91.0 - 91.4 area.
As a confirmation, rely on a bullish breakout of an underlined expanding wedge.
In case of a bearish breakout of the zone, the index will most likely go even lower.
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