DXY: Likely to Pass 111, but Bearish Divergence Continues
As we can see, bearish divergence continues to increase since April, however the .5 fib continues to act as support on each correction.
I expect the DXY to pass 111 in the near future for a new local high because of the daily engulfing candle that is forming on the recent bounce. My thoughts on the divergence remains the same.
I expect the DXY to pass 111 in the near future for a new local high because of the daily engulfing candle that is forming on the recent bounce. My thoughts on the divergence remains the same.
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