DOLLAR INDEX (DXY): Bullish Rebound from Trend Line
The Dollar Index has approached a key upward trend line.
After a sharp decline, the market seems overbought, and the formation of a cup and handle pattern suggests weakening selling pressure.
A retracement to 108.80 is expected.
After a sharp decline, the market seems overbought, and the formation of a cup and handle pattern suggests weakening selling pressure.
A retracement to 108.80 is expected.
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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.