TheBearTrader1

DXY- READY FOR A PUSH HIGHER?

Long
TVC:DXY   U.S. Dollar Index
As we can see on the hourly chart this could be the start of a stronger dollar, with a breakout of this descending trendline, and with price confirming a higher high, we will have to wait to see where the next low is established, as there is still a lot of bearish momentum in this market.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.