US DOLLAR INDEX ((DXY): Intraday Bearish Setup 💵 💲

TVC:DXY   U.S. Dollar Index
We observed two unusual breakouts on the DXY chart.

The market had been in a consolidation phase for about a week plus, during which the price formed a triangle pattern and a horizontal range.

Both the triangle support and the range were broken, indicating strength in selling pressure.

This suggests that the price could potentially drop to the 105.00 support level.

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