US DOLLAR INDEX (DXY): Local Bearish Reversal?!
We spotted a strong bearish reaction to a significant daily horizontal resistance on the 📉Dollar Index.
Following a test of the highlighted blue zone, the price began to consolidate and created a horizontal range on the 4-hour timeframe.
The support level was violated, indicating strength from the sellers. We anticipate a continuation of the bearish trend, potentially reaching 103.44.
Following a test of the highlighted blue zone, the price began to consolidate and created a horizontal range on the 4-hour timeframe.
The support level was violated, indicating strength from the sellers. We anticipate a continuation of the bearish trend, potentially reaching 103.44.
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