I've been writing about the option of a bearish correction wave in DXY in the recent weeks. Last week's stop hunt leads me to think that this time it will break down and continue towards the 200 MA line. All it needs now is to break the short term support....
@NoahD,
I didn't understand? You think it is going up?
It will go up if it will break out of the triangle's top (above 95.5).
For now it is stuck inside the pattern - between support and resistance.
Soon we will know
NoahD
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@themarketzone, could be inverse head and shoulders forming