Having struck the 1:1.618 and 1:1 fibs, DXY has formed a contracting triangle and with bearish RSI divergence should break down soon.
Good chance it will retrace back to support and perhaps fakeout to the 0.382.
Any further would re-establish support as resistance again and would be bearish. Considering the strong structure of this bull run foundation, a bearish continuation from here seems unlikely.
Not advice.
Good chance it will retrace back to support and perhaps fakeout to the 0.382.
Any further would re-establish support as resistance again and would be bearish. Considering the strong structure of this bull run foundation, a bearish continuation from here seems unlikely.
- Back to range of 0.236 - 0.382 but most likely will re-test support.
Not advice.
Comentário:
DXY pumped back above the 1.618 fib to close for the week - very interesting. One to keep a close eye on.
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