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U.S. Dollar Index
Long

Dollar Index (DXY): Bullish Reversal is Coming?!

908
snapshot

Dollar Index is stuck on a key daily horizontal support.

Analyzing the intraday time frames, I spotted an inverted head & shoulders
pattern on a 4H.

Its neckline breakout will be an important event that will signify a bullish reversal.
The index will continue recovering then.

Alternatively, a bearish breakout of the underlined blue support
will push the prices lower.

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dollarDXYHead and ShouldersindexesMultiple Time Frame AnalysisSupport and ResistanceTechnical AnalysisUSDDJ FXCM Index

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dollarDXYHead and ShouldersindexesMultiple Time Frame AnalysisSupport and ResistanceTechnical AnalysisUSDDJ FXCM Index
VasilyTrader
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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.