DXY Dollar Index Technical Analysis: Trendline has been broken

DXY Dollar Index Technical Analysis: Trendline has been broken

In our last analysis, we predict a decline in DXY.  ( Bearish Gartley Pattern worked well )

See the previous analysis: DXY DOLLAR INDEX

Now the Index broke the short term bearish trendline.

96.70 is critical resistance. Potential breakout would carry DXY towards 97.20, 97.45, 97.60.

This could send EURUSD below 1.12700.

We will keep our eyes on DXY and update our setups accordingly.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

DXY Dollar Index: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility