Dollar Index (DXY): Price Action Analysis & Bearish Outlook 💵

Dollar Index formed 2 bearish patterns:
First, the price started to trade within a rising wedge pattern,
Then, a cup and handle formation was formed within its boundaries.

With a single 4H candle, the price violated both the neckline of the pattern
and a support line of the wedge.

I expect a bearish continuation to 105.45 now

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Trade geschlossen: Ziel wurde erreicht