US Dollar Index had a good growth in the last few months and is in a bullish trend.
But, as you see in the daily chart, price has started a correction phase in the form of a descending triangle.
If price breaks the yellow level at 95.500 and closes a bearish candle below this level, we expect a drop on DXY to the last low at 93.985
Otherwise, if the red descending trend line broken to the upside and price closes a bullish candle above it, the bearish scenario will be invalid and we expect more growth for US dollar.
But, as you see in the daily chart, price has started a correction phase in the form of a descending triangle.
If price breaks the yellow level at 95.500 and closes a bearish candle below this level, we expect a drop on DXY to the last low at 93.985
Otherwise, if the red descending trend line broken to the upside and price closes a bullish candle above it, the bearish scenario will be invalid and we expect more growth for US dollar.
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