DXY Breaks Out of Consolidation to Form Gartley
Last Week the dollar index gained momentum after it broke out of a consolidation on the daily chart. In the process it formed a gartley pattern that completed outside of the wedge. Due to the minor break in structure I believe that the DXY may retrace a bit to the .382 after the strong move up over the past 2 weeks, and may potentially extend upwards to the 1.272 level to retest previous structure at 92.64.
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