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CHILLFOREX
Jan 2, 2018 9:12 AM

DXY - Head and Shoulders - neckline broken Short

U.S. Dollar Currency IndexTVC

Description

DXY measures the strength on the Dollar against other major currencies, after seeing it hugely weaken off since the FED rate rise in December - We have seen and H and S form on the DXy and you can see the neckline has been broken, meaning we could see further downside movement to the dollar,
EURUSD could go as far as 1.22
With the North Korea threat coming back then it will cause further weakness in the dollar
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