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Potential reversal shown on the chart, as we spot an inverse Head & Shoulder pattern on this 60-min chart of the June Dollar Index futures contract. However, it's not over until the fat lady sings, we need to break above the descending neckline to confirm the technical pattern. We are seeing, however, a sell-off across the board on risk assets as a confirmation of this awakening of the dollar. When identifying a Head & Shoulder reversal pattern is important to note the divergence of the momentum indicator, as it's indicated on this chart, the price went with lower lows and yet the momentum went opposite with higher lows.
