Subsequent to the previous DXY
idea posted, and having done further technical analysis
it's clear the average pip movement for DXY
since circa start of January 2019 for each wave of bullish
runs amounts to 170... now given that DXY
has been on a bearish
run as of past couple weeks this could potentially continue to either one of two areas after a possible consolidation between FIB levels at 0.5 and 0.618, before expecting to see a reversal to the upside (at which point would see USD pairs strengthen)...
Area 1: 96.28 region where a well respected 4hr TL exists
Area 2: 96.00 - psychological level/zone/0.382 FIB/daily TL
Lets see how it plays out....