DXY had been on a bullish run and was initially expecting this run to continue towards the 97.20 area but during the week that commenced on 04/03/19 it surged past this towards 97.7 handle which is also a previous high and has seen much rejection in the past. It last hit this mark WE 10/12/18 and was followed by bearish movement of 260+ pips with closes consisting of 4 consecutive weekly red candles; should history repeat itself on the long term we could see similar bearish movements! But time will tell…
