DXY Trading plan within and around the Triangle

The U.S. Dollar Index just got rejected on the current 4H candle on the Lower Highs trend-line that started on the March 07 High. As long as this holds, the price should drop towards the 97.730 Support, which has already held twice, thus creating a Triangle pattern.

A break below the 4H MA200 (orange trend-line) justifies further selling towards the Lower Higher Lows trend-line (dashed), while a break above the Triangle's Lower Highs, is a break-out buy signal with a target the 2.0 Fibonacci extension (100.200).


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