From TradingView · · 30s
Dollar Bears Eye Break Below 101.60
Dollar bears target 101.60 break for short positions on US Dollar Index.
In brief
Dollar bears target 101.60 break for short positions on US Dollar Index. US Dollar Index may drop below 101.60, opening path to 101.03. Originally reported by TradingView.
US Dollar Index Coiling
US Dollar Index coiling in descending triangle on four-hourly chart.
Potential Downside Break
Break below 101.60 could target 101.03 with tight stop above level.
Short Position Strategy
Short positions with tight stop above 101.60 target 101.03 after break.
What to remember
US Dollar Index may drop below 101.60, opening path to 101.03.
