The last time the DXY met this resistance a major pull back occurred and the Crypto Market pumped. Let's see what happens in the next few months.
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The DXY hit major resistance and is slowly retracing. Only time will tell and the next catalyst will determine the retracement speed.
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Here's this week catalyst!!
Today, Fed Chair Powell speech will occur at 1100 am and 1 pm.
In addition, Finance Minister Shunichi Suzuki is due to meet U.S. Treasury Secretary Janet Yellen this week, prompting traders to pare back bearish yen bets on the potential for a step-up in rhetoric.