US DOLLAR INDEX(DXY): Bear Trap & Bullish Movement 💵
A clear bear trap can be observed on the 4-hour chart of 📈DXY.
Price initially dropped below a significant support level but quickly rebounded and surpassed a resistance line in a descending channel.
This breakout suggests potential for upward movement, with targets at 104.41 and 105.00.
Price initially dropped below a significant support level but quickly rebounded and surpassed a resistance line in a descending channel.
This breakout suggests potential for upward movement, with targets at 104.41 and 105.00.
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