DXY is close to ending its corrective move. 61.8% fib, 50 and 200 dsma are all laminated in 75.95 - 76.20 zone. EUR/USD will be a big help in determining exactly where DXY correction stops. EUR/USD 50 dsma @ 1.3930 to be watched closely.
Stay tuned for my updates on this trade...
Update on Oct 17 @ 8:20 pm edt
EUR/USD ran into 50 dsma and got rejected @ 1.3914
I believe this trade is fully on now.
Expecting DXY to run up to 85 in the next 30 - 45 days with help of EUR/USD down to 1.2150 with a brief stop @ 1.2850 on the way.
Update on Oct 17 @ 10:50 pm edt
Possible inverted h+s on DXY with right shoulder developing. EUR/USD 1.3830 becomes a resistance now.
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