We are om the same boat with DXY. It is overbought, and reflects clearly that a reasonable correction should be underway soon.
For now, the pattern is showing topping out, and further we are overextended. The chances are that we will see a correction back to 101.25 short-term to medium-term. This will be reflected in all USD pairs in the time to come.
For now, the pattern is showing topping out, and further we are overextended. The chances are that we will see a correction back to 101.25 short-term to medium-term. This will be reflected in all USD pairs in the time to come.
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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.