DXY Further Bearish confirmation. Target 92.500.

My most recent post on DXY was on September 29, identifying the Bullish Megaphone which was trading on its Higher Highs (top) trend-line on a potential rejection:


The rejection eventually happened and today the price broke below the 4H MA200 (orange trend-line). The last 2 times this took place following a Higher Highs rejection, the price eventually dropped lower and made a Higher Low at the bottom of the Megaphone. On both occasions, it reached at least the 0.786 Fibonacci retracement level. That is currently at 92.500 and this is our next medium-term target.



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