The US Dollar Index has been in a consolidation ever since its rampant (AND VERY THIN) price movement up to the 100 level.
Basic technical analysis suggest that thin trading voids usually get filled before a continuation in trend.
This simple fib play shows a simple fib play from the Sweet Spot Zone (62-79 fib zone) to the 1.27 fib extension.
This will signal a risk on environment in the intermediate term so foreign currencies will rally in relation to the short dollar movement.
Basic technical analysis suggest that thin trading voids usually get filled before a continuation in trend.
This simple fib play shows a simple fib play from the Sweet Spot Zone (62-79 fib zone) to the 1.27 fib extension.
This will signal a risk on environment in the intermediate term so foreign currencies will rally in relation to the short dollar movement.