Chart update - It is not over just yet..

INDEX:DXY   U.S. Dollar Index
307 3 6
Easier said than done to predict how far the DXY             will retrace. It is now close to 0.382 where I would prefer it would stop (for my own trades sake)

I hear "expert after expert" call out that it should be stopped here. Not sure what I am missing but if it is heading for its MAs then it migth be far from over... I see a clear risk of at least a fib 0.5 retracement still... but relying on the channel it migth bounce a little from the 0.382 level up to 95 and then continue lower to 0.5.. looks that way. We will soon find out.

Related Ideas

Channel expand. Chart to be adjusted
Forget "experts" , they do not trade. Trade what you see and every chart TF says this one is sinking. Monthly prints are horror for any decent bull.

+1 Reply
FOREXEL Nightwish
I agree, thanks for your input ))
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