US DOLLAR INDEX(DXY): Bearish Continuation

Kort

U.S. Dollar Currency Index (ICEUS_DLY:DXY)

ICEUS_DLY:DXY U.S. Dollar Currency Index

supportandresistance flagpattern supplyanddemand

↪️The Dollar Index broke through a significant daily demand zone last week, which has now become a supply area.

The price is currently testing this broken structure and I have identified a bearish flag pattern in the intraday price action.

The price has broken below a support line of the bearish flag pattern and closed below it, leading me to anticipate a further decline to around 104.99 / 104.65.

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