Double bottom? A major wedge is broken? a decline from off Q3 close?
This doesn't look like a bearish price action, unlike the major consensus nowadays of anticipating a falling knife on EURUSD, i see something different here, yet, not confirmed. However, a move to 1.20 again is possible.
Unlike many views about an upcoming TVC:DXY next few days, the odds to the downside to test previous quarter lows Q3 2020 are way more. Weighing on testing recent highs on indices and some major stocks. Scenario in details is illustrated on the chart.