FOREXEL

USDOLLAR - Still going strong - Chart 1/3 - Renko style

FX:USDOLLAR   Dollar Index
13 0 1
I have started to use USDOLLAR             instead of DXY             since it is clearer and easier to use.

Upside target not visible on this chart today for some reason. It is however aiming for 1.618 to begin with. Use the top of the channel and aim for 12200 for now. Use smaller TF to pinpoint a possible re-entry to go long

The mere 0.235 retracement before this ongoing leg indicates the strong trend and unfinnished measured movement. For the dollar to continue higher it is important that this level will form the new demand.
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