DeGRAM | DXY growth in the channel

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DXY is moving in a descending channel between trend lines.

Having reached the lower boundary of the channel, the chart has formed a reversal harmonic pattern.

The price has reached the 62% retracement level.

We expect the growth to continue after retesting and consolidating above the current resistance.

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Trade geschlossen: Ziel wurde erreicht
The dollar strengthened and the DXY index successfully reached the upper border of the channel!
Chart PatternsdxyanalysisdxysignalSupport and ResistanceTrend Analysis

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