Trading_Jazz

Dollar Index once again, waxing the disco floor!

INDEX:DXY   U.S. Dollar Index
I'm not trading it, but as we all should know, it supports/commands the movements of majors forex pairs, so, it should be, in my point of view, the first indicator to use and to "fiscalize" ;)

Crucial zone of 96.30's to break, or a retracement to 0.618 fibo are the next steps to follow.

In my opinion, it will not be easy to break that level at 96.30, and we will see a retracement to near 97's (between .05 and 0.618 fibo retracement)
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