ankurlakhotia
Long

Dollar Index - Case for a bottom and a larger bounce

TVC:DXY   U.S. Dollar Currency Index
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Dollar index on the daily chart is moving in a falling channel pattern since its top in January 2017. The EURUSD pair along with GBPUSD are nearing the resistance zone on the weekly scale indicating a top formation. Development of 1st positive divergence on the daily chart supports stance for a bottom.
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