Updated previous dollar index mark up...check my previous DXY post
Watch if this setup could turn up again. Will fib 0,618 hold, or closer down to 101-level ? Normal this could be slowdown in this drop, but also be aware of any more sell and bear-tendens. Retest of neckline in the "Three drives pattern"-bottom could also be a nice support-level.
Upside trend should be confirmed (started 1h before last ECB & FED press conferences) ... A continuous bullish move we`ll see by prices above 103.56 (last week high & yearly high) and bearish move by prices under 101.78 (last week temporarly high). But prices above 99.11 still are still don`t damging the slightly bullish picture (on higher time frames) ... How...
99.11 DXY is in my opinion still the make or break line prices above 99.11 DXY are suggesting still bullish scenario into new highs 2017 - eventhroughout Trump Election prices under 99.11 DXY are suggesting sharper fall into SellOff Area sceanrio - even while Election Night in nov`16 I can still imagine after yesterdays 1st sharp rise after Trump Election...