You'd short before a .618 retrace level?

I get that it's over extended on monthly EMA's....but look at the MACD breaking out now of that resistance line. If the DXY has bottomed.....then wouldn't it make sense to test the .618 retrace BEFORE GOING TO NEW LOWS?????

That's generally how assets behave....Bulls on DXY are targeting the .618 for sure.

Good luck DXY bears!