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Dollar Index (DXY): Bearish Outlook For Next Week Explained đŸ’”

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Valutaindex för U.S. dollar (TVC:DXY)  
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TVC:DXY   Valutaindex för U.S. dollar
Parallel Channel Rectangle Multiple Time Frame Analysis DXY DJ FXCM Index USD dollar indexes priceaction trading Technical Analysis Contains image
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Dollar Index broke and closed below a key horizontal daily support this week.

After the violation, the price was coiling for some time within a narrow horizontal
range on a 4H time frame.

The release of US housing data on Friday was very bearish for the Greenback.
The price violated a support of the range, giving us a strong intraday confirmation.

We may anticipate a further bearish continuation now.
Next support - 103.1

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The market keep falling as planned
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The market is very close to the target
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