DeGRAM

DeGRAM | DXY Market preview

Long
TVC:DXY   U.S. Dollar Index
DXY is trading at support at 102 in a descending channel on the 4H timeframe.

Price action is slowing as it approaches support by creating an equal measured move AB=CD .

We can see a double bottom and divergence on the 1H timeframe.

We expect the resistance to be tested since the price has reached major support on a daily and weekly .


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