Home Markets Futures Bears Could Be Targeting the U.S. Dollar Again. Check Out Today’s Technical...

Bears Could Be Targeting the U.S. Dollar Again. Check Out Today’s Technical Analysis

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May 18, 2021

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The U.S. Dollar has been stabilizing all year, but now the bears may be returning to their old hunting ground.

Several features have appeared on the greenback’s chart, and none of them are bullish .

First, consider the rising trendline running from the low of January 6 through April 29. Notice how DXY broke under it on May 7 and then…

For more, please click here to view the related idea and chart analysis on TradingView.

U.S. dollar index, daily chart with key patterns, courtesy of TradingView.

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Bears Could Be Targeting the U.S. Dollar Again. Check Out Today’s Technical Analysis

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