Dollar Index To Further Drop

Analyzing Dollar Index is somthing every trader should do no matter if he or she trades it. The Index affects many pair in our portfolio so having a view on where is about to head helps us in our trading decision. Looking at the 240min chart we may see that obviously is in a downtrend, moving into a descending channel and is now testing a key resistance level, the sliding parallel of the median line. Switch to the hourly chart and wait for a brekout below the correction. Then watch for a sell setup completion which most likely will make Dollar Index drop

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