Currently, we are witnessing a manipulative move to lure bears into a trap. From a technical standpoint, I think DXY remains bullish for now.
Order cancelled:
Even though DXY is bouncing, it's better to wait for a FED meeting next week before placing a trade. Ultimately, I think DXY will tag those numbers shown on the chart, but for now, I expect choppiness and consolidation of some sort, will update after the FED meeting.
Trade active:
Buyside liquidity was taken, now I expect the price to reverse.