As you can see on the weekly chart bulls have two possibilities to recover towards end of the year
and probably this week events ( elections + FOMC ) may create opportunity ( it's related to prevous DXY analysis here ):
1. Based on the last two weeks PA swing low around 1,13 might be in place ( would be great to close above last week high ) or...
2. Full manipulation into election/FOMC with stop hunting down towards 1,1240/1,1200 with strong rejection.
and probably this week events ( elections + FOMC ) may create opportunity ( it's related to prevous DXY analysis here ):
1. Based on the last two weeks PA swing low around 1,13 might be in place ( would be great to close above last week high ) or...
2. Full manipulation into election/FOMC with stop hunting down towards 1,1240/1,1200 with strong rejection.