As you can observe, the downtrend is showing weakness. We are approaching a significant support level in a falling wedge pattern, which is a reversal pattern. You can see the inverse pattern (rising wedge) on the
DXY
daily chart.
So I expect a bullish reversal from this area.
The safest entry would be after the first correction/confirmation on the lower time frame!
Thanks for your attention ;)
DXY
daily chart. So I expect a bullish reversal from this area.
The safest entry would be after the first correction/confirmation on the lower time frame!
Thanks for your attention ;)