Chart update - It is not over just yet..
Easier said than done to predict how far the DXY will retrace. It is now close to 0.382 where I would prefer it would stop (for my own trades sake)
I hear "expert after expert" call out that it should be stopped here. Not sure what I am missing but if it is heading for its MAs then it migth be far from over... I see a clear risk of at least a fib 0.5 retracement still... but relying on the channel it migth bounce a little from the 0.382 level up to 95 and then continue lower to 0.5.. looks that way. We will soon find out.
I hear "expert after expert" call out that it should be stopped here. Not sure what I am missing but if it is heading for its MAs then it migth be far from over... I see a clear risk of at least a fib 0.5 retracement still... but relying on the channel it migth bounce a little from the 0.382 level up to 95 and then continue lower to 0.5.. looks that way. We will soon find out.
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