I could see something like this playing out where the DXY goes sideways for a bit and continues to fight that resistance trend line, followed by a big dump.
The monthly RSI already reached 80, and on the weekly chart we still have bearish divergence.
If that top trend line breaks bullish with a monthly close, then 120 would be very strong resistance.
The monthly RSI already reached 80, and on the weekly chart we still have bearish divergence.
If that top trend line breaks bullish with a monthly close, then 120 would be very strong resistance.