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Short

US Dollar Index Short

INDEX:DXY   U.S. Dollar Index
20 0 0
The US Dollar Index             has been in a consolidation ever since its rampant (AND VERY THIN) price movement up to the 100 level.
Basic technical analysis suggest that thin trading voids usually get filled before a continuation in trend.
This simple fib play shows a simple fib play from the Sweet Spot Zone (62-79 fib zone) to the 1.27 fib extension.
This will signal a risk on environment in the intermediate term so foreign currencies will rally in relation to the short dollar movement.
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