DXY struggling to bounce strongly off 90. Might see some weakening of the USD, but traders should be careful and consider possibility of this as a technical and reactionary move.
This retracement of the DXY coincides with the S&P 500 bouncing off the 2,700 level.
I’ll be looking for trade setups which highlights continual USD strength.
For example, the GBPUSD especially if it is unable to break above the 1.3950 resistance.