DeGRAM | DXY growth in the channel
Updated
DXY is moving in a descending channel between trend lines.
Having reached the lower boundary of the channel, the chart has formed a reversal harmonic pattern.
The price has reached the 62% retracement level.
We expect the growth to continue after retesting and consolidating above the current resistance.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Having reached the lower boundary of the channel, the chart has formed a reversal harmonic pattern.
The price has reached the 62% retracement level.
We expect the growth to continue after retesting and consolidating above the current resistance.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade closed: target reached
The dollar strengthened and the DXY index successfully reached the upper border of the channel!
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