US Dollar is unstoppable. The index keeps growing like crazy.
Here are the key levels that I spotted from where we may see retracements:
Analyzing a weekly time frame, I spotted an expanding wedge pattern. In the past, the price perfectly respected its boundaries. The market is approaching that at the moment. I believe that the market may start a correctional movement from that.
The midterm goal for buyers is 120 - 121 resistance cluster based on 20 years' highs. Pay close attention from that area, probabilities will be high that the market will react to that.
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@VasilyTrader, I had the highest level at around 114.5 using a 40 year parallel descending channel (not a wedge like you did), reinforced by RSI which is +/- 80. How much higher do you think the DXY RSI can go?
SignalProvider
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Great insight;))
T-r-X
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The US Dollar will keep getting stronger, there is a US Dollar shortage. It's all about Eurodollar.