DXY Update - H & S Pattern & FEDDear Friends,
Keynote = Fed Interest Rate Decision: 29th of January.
How I see it:
I've indicated the gap on the 1D TF -
It might be insignificant, or
It might only be filled on the next swing return.
The head and shoulder pattern + 1D candle body
close below key support might indicate further downward pressure.
107.000 to 108.000 is a very big key area of confluence.
A strong "breakout and hold" on either side, will offer
strong confirmation of direction.
Thank you for your time reading my analysis !