US DOLLAR INDEX (DXY): Waiting For Breakout
It looks like ⚠Dollar index is preparing for a bullish movement.
Analyzing the 4H time frame, I spotted a falling Parallel channel
and a confrimed breakout of its upper boundary.
The last obstacle for the buyers is the 100.95 - 100.85 neckline of a double bottom pattern.
If bulls break and close above that, it will be an important bullish clue.
A bullish continuation will follow then at least to 101.40
Analyzing the 4H time frame, I spotted a falling Parallel channel
and a confrimed breakout of its upper boundary.
The last obstacle for the buyers is the 100.95 - 100.85 neckline of a double bottom pattern.
If bulls break and close above that, it will be an important bullish clue.
A bullish continuation will follow then at least to 101.40
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