ANALYSIS: DXY BREAKS PATTERN
The USD remains under pressure as price failed to find support last week. The 4hr chart formed a bearish
descending triangle pattern and has now broken the supporting trendline. $96.00 support looks likely to be tested before we see any further developments for the USD. This level also hosts 38.2% Fibonacci retracement from the daily timeframe.
descending triangle pattern and has now broken the supporting trendline. $96.00 support looks likely to be tested before we see any further developments for the USD. This level also hosts 38.2% Fibonacci retracement from the daily timeframe.
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