Having been being under heavy selling pressure last week, the Dollar Index showed some solid positive structural signals on Friday 17th of April as the CPI data improved; specially forming a clear bullish Head and Shoulders pattern in the lower boundary of a steep downward channel.
I favor breaking of neckline and eventually breaking of the smaller channel to the upside. Low risk buying opportunity.
Good luck!
I favor breaking of neckline and eventually breaking of the smaller channel to the upside. Low risk buying opportunity.
Good luck!