From my analysis….DXY know as the strength of the dollar about 4 weeks now and even more is been controlled by the bears due to its bearish movement….
Upon its bearish movement to the downside as a retracement will find a massive or major support in the price range of “102 “to “105”…..and immediately it gets to that price zone ..momentum is will start to leave or draw away from the bearish movement and will form a reversal pattern for that change in direction to the upside in other words , the bulls are going to take over …..Due to this …there will be a continuation uptrend after this bearish retracement ongoing.
Upon its bearish movement to the downside as a retracement will find a massive or major support in the price range of “102 “to “105”…..and immediately it gets to that price zone ..momentum is will start to leave or draw away from the bearish movement and will form a reversal pattern for that change in direction to the upside in other words , the bulls are going to take over …..Due to this …there will be a continuation uptrend after this bearish retracement ongoing.