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Dollar Index (DXY): Bearish Outlook For Next Week Explained ๐Ÿ’ต

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๋ฏธ๊ตญ ๋‹ฌ๋Ÿฌ ์ธ๋ฑ์Šค (TVC:DXY)  
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TVC:DXY   ๋ฏธ๊ตญ ๋‹ฌ๋Ÿฌ ์ธ๋ฑ์Šค
Parallel Channel Rectangle Multiple Time Frame Analysis DXY DJ FXCM Index USD dollar indexes priceaction trading Technical Analysis Contains image
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parallelchannel rectangle mtfa dxy usdollar usd dollar indexes priceaction trading technicalanalysis containsimage
snapshot

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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