US DOLLAR INDEX(DXY): Bearish Continuation
↪️The Dollar Index broke through a significant daily demand zone last week, which has now become a supply area.
The price is currently testing this broken structure and I have identified a bearish flag pattern in the intraday price action.
The price has broken below a support line of the bearish flag pattern and closed below it, leading me to anticipate a further decline to around 104.99 / 104.65.
The price is currently testing this broken structure and I have identified a bearish flag pattern in the intraday price action.
The price has broken below a support line of the bearish flag pattern and closed below it, leading me to anticipate a further decline to around 104.99 / 104.65.
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