Breakout of the channel

Wait 5 sec.

Breakout of the channelU.S. Dollar Currency IndexTVC:DXYPouyanFaAfter the DXY broke out of the channel, it formed a range. We can see a yellow trendline where the price is moving exactly along it. If this trendline breaks to the downside, we can take a short position targeting the bottom of the channel. Otherwise, it would mean the trend reversal in DXY is confirmed.