Expect a bounce in DXY in near term, as is approaching support at 61.8% fib at 98.976 and at a prior consolidation area (circled).
Expect some chop between the 50% fib (101.994) and 61.8% fib (98. 976) --- fibs drawn from 1/2021 low to 10/2022 high.
Longer term, the head & shoulders pattern should play out with further downside.
Expect some chop between the 50% fib (101.994) and 61.8% fib (98. 976) --- fibs drawn from 1/2021 low to 10/2022 high.
Longer term, the head & shoulders pattern should play out with further downside.