DXY: Sell Target hit. Buy now opportunity on the 0.618 Fib.

DXY is on a sharp sell off following the 99.90 High on February 20th. The 1D chart is on a strong bearish territory (RSI = 37.767, ADX = 49.169, Highs/Lows = -1.0001) and just hit the 0.618 Fibonacci retracement level from the 96.35 December 31st Low.

We believe this level is at or close to the current bottom of this downtrend, on a similar sequence as 0.618 correction last October. Our Target Zone is 98.55 - 98.80.


Our previous Sell Call:




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