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U.S. Dollar Index
Short

Dollar Index (DXY): Waiting For Breakout 💵

945
snapshot

Dollar Index is coiling around a solid horizontal supply area on 4H.
The price formed a head and shoulders pattern, testing that.

The next bearish move will most likely initiate after a breakout of its horizontal neckline.
We need a 4H candle close below 104.87 - 105.05 to confirm the breakout.

Goals will be 104.18 / 103.8

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dollarDXYElliott Wavefundamental-analysisHead and ShouldersindexespriceactionSupply and DemandUSDDJ FXCM Index

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dollarDXYElliott Wavefundamental-analysisHead and ShouldersindexespriceactionSupply and DemandUSDDJ FXCM Index
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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.