EvanJones
Short

Dollar ready for a decent correction

TVC:DXY   The U.S. Dollar Index
14 0 1
The dollar in the last few weeks has been on a bit of a short selling spree!

Using patterns, I believe I've identified an ABCD pattern , which would imply the dollar is heading for the 93 area. Confirmation was given by the break of the trendline , and is now currently sitting at the 50% fib level. If it breaks this level down then I'm confident that we could see this move lower.

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