DXY CREATED A HEAD AND SHOULDER PATTERN

٢٤ أكتوبر ٢٠٢٣

DXY confirmed a breakout on the trend line formed and yet after some consolidation we have seen the DXY created a head and shoulder pattern for a potential bearish perspective. Here we witnessed a breakout on the neckline after completing the right shoulder of the structure. Now we expect a potential downside momentum with the confirmation towards the 104.430 to 102.940 levels