DXY: Safety first Break 103.800 (Rebalance)
- Price retested at 105.0 levels and closed with an impulsive bearish move last week.
- As you see on the charts the last impulsive bullish move did NOT create any minor lows, so the major low at 104.0 levels becomes our inducement to confirm our new higher high.
- Also price left behind a huge liquidity void that needs to be refilled.
* We can predict the price to break the 103.800 at least before see a new higher high.
- As you see on the charts the last impulsive bullish move did NOT create any minor lows, so the major low at 104.0 levels becomes our inducement to confirm our new higher high.
- Also price left behind a huge liquidity void that needs to be refilled.
* We can predict the price to break the 103.800 at least before see a new higher high.
- We should see a strong bullish move today with FOMC meeting.