quantguy
Long

DXY Retracement

TVC:DXY   US Dollar Currency Index
It looks like the DXY             has gained some momentum and this morning and has 'bounced' off the support point around 96.60. Looks like we could be due for a major retracement from yesterday's bearish momentum. Take the Fibonacci retracement illustrated to set some intermediate profit targets. A word of caution, however, that all eyes are on the FOMC minutes, so this will determine the action after 2PM.
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