Currently, price is at the lower band of the and got rejected by that. So we can expect a rise towards the channel’s upper band.
On the other hand, we can see a reversal pattern creation either and since channels are often likely to be broken out to the opposite side, we should be careful about the channel’s downside breakout as well.
In the case of downside breakout, we might see a fall at least around 90.340 - 90.300 which is a strong and after that, a fall to 90.200 - 90.150 which is the lower band of the new channel and also a .
I’m on the side for DXY . What about you?