We spotted a strong bearish reaction to a significant daily horizontal resistance on the 📉Dollar Index.
Following a test of the highlighted blue zone, the price began to consolidate and created a horizontal range on the 4-hour timeframe.
The support level was violated, indicating strength from the sellers. We anticipate a continuation of the bearish trend, potentially reaching 103.44.
Following a test of the highlighted blue zone, the price began to consolidate and created a horizontal range on the 4-hour timeframe.
The support level was violated, indicating strength from the sellers. We anticipate a continuation of the bearish trend, potentially reaching 103.44.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.