USD Set To Bounce Off Rising Megaphone Bottom

US Dollar Index Daily Chart

US Dollar Index reached the bottom of its rising megaphone today.You’d almost see a bounce off the bottom before the breakout.Take a look at the bounce off the bottom of the gray rising megaphone top within the red rising megaphone to get an idea.The red formation implies a big drop coming for the dollar, with a target at the level of the lowest touch on the formation bottom or a little above.

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