Rejection on 108.500 area shows that DXY will be going up. Formation of bullish pennant flag currently. Will be invalid if structure break below instead.
Is this on the hourly chart? it looks like a bullish pennant does that means if it crosses 109.2 it will shoot way uppp?
CuzDelux
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@pm967ngbf7, I have been saying 112 since 97/98. It is so close, at this level. I don't see anyone rushing into equities at their current levels, which bodes well for the dollar, especially when it clearly continues to play out that holding cash was one of the years best calls. Will be an interesting week.