Hi Traders, DXY could form a Gartley pattern, with target around 97.5. Head and shoulder pattern failed to breakout, this maybe because of the gap, that we have a retrace first. I see a lot of resistance ahead around 100.65, Target could be the 1.61 Extension of the last leg, forming a nice pattern. Notice also, that dxy is still in the channel for more downside....
Looking at this pair, it might have found Support at the 1.27 Extension, rsi showing divergence and ATR channel medium line (in blue) is curving showing also Support at this area. Euro inflation is picking up very fast, on US side IMO we have a divergence between political and FED policy, so let's see what central banls are doing next... GL
Dear Traders, looking on a daily Chart our pair faces the 1.11 handle. This Price line could act as resistance. It already bounced several times of it. DMA 300 sitting on the same Region, could confirm this.
IMO this pair is still a bear and new lows will be made very soon 092 -082 -075.
SL would be placed at 1165