Looking at DXY I can see a Reversal Pattern form inside the box with a , and what looks to be a Candle. However, the market is uptrending & this could easily be a retest on 98.00 for a continuation upwards to fulfill the -0.27% extension.
We have got a fair bit of USD news coming out in 5 hours following this week will be NFP and Client Sentiments show that the vast majority of Retail-Traders are Shorting the USD and Longing XXX/USD, So I choose to observe the masses and do the opposite which is have a long Bias on USD...Also I dislike going against the trend of the market;)
I will not be looking to Short the USD unless there is a clear break of the Counter-Trend line.
Targets at -0.27%