US DOLLAR CURRENCY INDEX POTENTIAL HEAD AND SHOULDERS

DXY MAY FORM POTENTIAL HEAD AND SHOULDERS ON H-1 CHART. CHART HAS GOT PREVIOUS SUPPORT AT 96.45 LEVEL ON 16 JUNE, 2020, WHERE HEAD OF POTENTIAL HEAD AND SHOULDERS HAS ALREADY GOT STRONG SUPPORT. CURRENTLY CHART IS AT NECK LINE OF POTENTIAL HEAD AND SHOULDERS, SO WE CAN PREDICT THAT INDEX MIGHT GET SOME RETRACEMENT TO FORM RIGHT SHOULDER OF POTENTIAL HEAD AND SHOULDERS CHART PATTERN.

DXY MAY TEST PREVIOUS HIGH OF 97.70 AS PER HEAD AND SHOULDERS MEASURED TARGET.