USD Index Set for Uptrend After Reverse Head-and-Shoulders Formation
CURRENCY INDEX
Chartist Trader
7/29/20241 min read
The USD Index is anticipated to gain positive sentiment following a period of sideways movement. The chart has clearly formed a reverse Head-and-Shoulders pattern, indicating an uptrend once the price breaks the neckline. After breaking the neckline, the price is expected to move up further to the next supply area, as shown on the chart above.
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