DXY: US Dollar Index: Fundamental Analysis and Review

Hawkish comments by the Federal Reserve at the Jackson Hole Symposium hinted at the possibility of more rate hikes in the coming days. As we wait for the next meeting scheduled for 22^nd September, it is important to focus on the daily and 4-hour charts that all point to a possible bearish movement in the coming days. On the 4-hour chart, an evident head-shoulder pattern is forming, which will send DXY below the 107.69 mark.