Xmas Pressie! Break of neckline for the new year for the USD

TVC:DXY   U.S. Dollar Currency Index
14 0 0
So as most are aware the FED raised interest rates over a week ago and given this was mostly priced into the US Dollar             , I believe now that we may get a correction and it looks like we have a typicaly Head & Shoulders Pattern in formation.

If the neckline breaks I would envisage a break towards the key pivot area of 96 - 96.5 for price to retrace. Stops could be placed above the neckline.

Have a merry Xmas             traders and for more information on some exciting releases in the newyear, sign up to my website to find out more: http://www.ejfxtrading.com
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