Is the DXY about to confirm a false breakdown?
Is the DXY about to confirm a false breakdown?
The DXY made several attempts last week to push lower from the symmetrical triangle but they all failed. If that was not enough, this week it reversed higher and is now threatening with a break in the opposite direction. A close above 101.90 will confirm such a technical event and open a lot more upside with 102.50 being the next upside target for the index.
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