nahidik

DXY may test daily trend and possibly beyond

TVC:DXY   US Dollar Currency Index
The DXY             has been on a very steep impulse with shallow retracements. Normally I would expect a deeper pullback but the DXY             can move very far and fast without checking the rear view mirror when it wants to.
A break strong move and close above the 1 hr             . trend line (purple) may pave the way for a straight shot to the green daily trend line . If it does we will have to watch what it does when it gets there. A break of the blue dotted line would indicate a htf             correction is a strong possibility.
Trade closed: target reached: Now we watch for signs of a new leg down or a break to the upside.
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