It would seem that this pair has completed the upside retracement in abc zigzag with 2/3rd of the last major decline and other fib confluence and accompanied RSI divergence. Small position could really work out even though there is wide spread, long term move would justify and have interest rate differential work to your advantage. Target is to at least retest the 2011 low and may even form new lower low.
Another reason why the DXY Index could have formed a major top.
Another reason why the DXY Index could have formed a major top.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.