DXY - Bulls or Bears?
As we head into start of May month, end of month flows - rebalancing is in full action.
Technical wise: bulls are gain control if we can stay above 91.050 area (5OEMA) the bulls are in control of this market and anywhere above 200 EMA we will be heading towards the 1.618 area.
Pattern: Wedge - Perhaps a re-test of wedge coming soon.
Seasonality: Usually a bullish month for DXY
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