I was looking over my charts and I stumbled across the DXY forming what looks to be a head and shoulders pattern.
Playing the US Dollar right now is a little tricky because the US is set to pass the new tax bill, so until then I have been out of the markets.
I have highlighted, in purple the $95 area. this area is what i would consider the US dollar to be bullish. If this head and shoulders pattern is completed, then I'm expecting the DXY to reach $89.
Let me know what you think
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