As can be seen in the monthly chart (and in larger tables), the price has been devalued for several days and is in downward trend.
There was relatively little evidence that price did not stay near the downtrend and this pattern was devalued
At this point, it is possible to see that the movement of the index falls seems to be showing signs of deceleration and even a possible change of trend.
If trend reversal is confirmed, the ideal would be to wait for the daily / weekly and monthly candle to close and see if it confirms the closure and breakage of the downward trend line that has been forming for a few weeks.
Therefore, a possible upward movement by the DXY index
Ps: If the monthly candle breaks the monthly trend line, we will have a strong rise of the EUR against the DOLLAR
There was relatively little evidence that price did not stay near the downtrend and this pattern was devalued
At this point, it is possible to see that the movement of the index falls seems to be showing signs of deceleration and even a possible change of trend.
If trend reversal is confirmed, the ideal would be to wait for the daily / weekly and monthly candle to close and see if it confirms the closure and breakage of the downward trend line that has been forming for a few weeks.
Therefore, a possible upward movement by the DXY index
Ps: If the monthly candle breaks the monthly trend line, we will have a strong rise of the EUR against the DOLLAR