DXY- Double bottom on H1, correction underway?
As I correctly anticipated, DXY broke under 92 important support and that lead to a 1.5% loss for the index, a strong break above 1.2 for EurUsd and GbpUsd reaching 1.35.
Now the index found support in 90.50 area and has formed a small double bottom visible on H1 chart. The neckline of the pattern is broken and we can expect a correction to 91.50 zone resistance.
I will look to sell rallies for EurUsd, GbpUsd, AudUsd and NzdUsd in this context.
Now the index found support in 90.50 area and has formed a small double bottom visible on H1 chart. The neckline of the pattern is broken and we can expect a correction to 91.50 zone resistance.
I will look to sell rallies for EurUsd, GbpUsd, AudUsd and NzdUsd in this context.
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