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USDX Will Try To Test And Break Below The 103.50 Level

USDX Will Try To Test And Break Below The 103.50 Level| FXMAG.COM
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On the 4-hour chart #USDX you can see the emergence of a Bearish 123 pattern followed by the appearance of several Bearish Ross Hook (RH) and price movements that move below the EMA 10 so it is clear that in the near future USDX will try to test and break below the 103.50 level if This level is successfully broken down, so the next level to aim for is the 102.56 level. However, if on its way to the target levels described earlier, #USDX suddenly experiences a significant upward correction movement to break above the 105.24 level, then a decline scenario is certain. that was just described will be invalid and automatically cancel by itself.

(Disclaimer)

 

Relevance up to 03:00 2023-03-14 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Read more: https://www.instaforex.eu/forex_analysis/121113


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