nexttrack

Weight of evidence pointing to lower USD?

Short
TVC:DXY   U.S. Dollar Index
Apart from the "flight to safety" in March the USD has generally been trading in a sideways manner. Recent trading patterns - megaphone top, breakdown of flag formation, breakdown of intermediate triple top and challenge of the lower uptrend line suggests a possible, imminent break to the downside. Looks like that this could play out very soon?

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