After this long rally up to round number 100 DXY is having a pull back.
Bearish RSI divergence - now the question is what kind of pull back will it be.
A bullish retracement would be 0.382 and there is support in that area @ 97.5
It appears that there may be a bullish ramp 1-2, i-ii in the making with the minor wave completing 5 waves at the top and this could now be a C wave of retracement back to 0.382 area.
It is of course not the only retracement and looking at the opposite perspective this could also be a Wyckoff UT top or perhaps a deeper correction to get back to the long term 1.618 fib @ 96.5 which could still see the uptrend continue.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.