RamziAbouAbdallah-CMT

DXY inverse head and shoulders on hourly time frame

TVC:DXY   Indice devise Dollar U.S.
Hello,
As you look on the chart, a bullish inverse head and shoulders is spotted on the hourly chart.
Looks like bulls are struggling to break the neckline, so keep an eye on the 93.90 level.
A confirmed break above this level takes the dollar back to around 96 level, which means much lower prices for the Euro.

Ramzi Abou Abdallah, CFTe, CMT

♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.