I am expecting further drop in dollar first, probly to 93.227 level, if any sign of reversal build up that will serve as +1 to further Dollar bull.
Fundamentally, datas are promising and Feds are positive on improved economy. Given rising , fed dot plot are pointing towards more rounds of hike.
As mentioned earlier. Am expecting this pair is due for retracement.
It would be ideal for it to go down 93.8 or 93.2 for a good retracement % however if it is going to rebound from current price, DXY is likely to go sideway (range) before we see any further upside. (Probly on before next Thursday)
Upon breakout, price will likely climb to test strong resistance at 96.49 - 96.517