OncleJer

DXY at the Top of the range

TVC:DXY   U.S. Dollar Currency Index
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DXY has been in a corrective pattern since march 2015, bouncing between 100 and 93.
It just got to 100 again, which means it would be a fairly logical thing to look for potential signs of reversal.
A breakthrough to the upside is also possible, play it smart and safe.
Comment: DXY broke resistance / top of range at 100.5
We could see it extend to around 106.
Good setups incoming.
Comment: Alright DXY broke out no craps given this week. As I said on previous update, an optimal levels would be around 106.
But be careful, the moves of this week have been very straight forward with little to no pullbacks, that means we could see USD pairs retracing during next week

Comments

Bulls like round numbers. What can be more round than 100?
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