Anticipating a Bearish USD Index: Analysis and Target Levels

With the appearance of the Bearish 123 pattern followed by the appearance of deviations between the #USDX price movement and the osMA indicator on the daily chart, then the probability of the USD Index in the next few days to fall down is quite large where the 103.35 level will be the main target to aim for and if this level is successfully broken downward then #USDX has the potential to fall down to test the 102.53-102.03 area as long as there is no upward movement that exceeds the 104.67 level because if this level is broken then all the downward scenarios that have been described will become invalid and cancel automatically.

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Topics

usdx usd index upward movement daily chart deviations probability target level osMA indicator test Bearish 123 pattern fall down downward movement break downward invalid cancel.