Is DXY tracing out a H&S top?
Looking at a chart of the DXY it appears to be working on forming a head and shoulders top. Pattern is not complete until it breaks through the neckline, but the formation can clearly be seen and is currently working on the right shoulder. Should the pattern complete it targets a measured move to 87.75. I'll leave you to make your own conclusions as to what this means for risk assets.
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