DXY is essentially the inverse of EURUSD. The trend is moving in harmony for now and hasn't changed.
This is turning into a droopy H&S pattern (see below). As long as the Euro stays in the flow it's currently in, it'll continue grinding lower. At some point it will likely have a much more sudden drop.
This is turning into a droopy H&S pattern (see below). As long as the Euro stays in the flow it's currently in, it'll continue grinding lower. At some point it will likely have a much more sudden drop.
Trade closed: stop reached
@97.39
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.