I squared the chart added fib circles. based off this idea, today October 3rd could be a major pivot point, either longs take control and break above resistance or the bears are back in action, pulling the price downwards.
Here is a Gann chart of the DXY showing that we are currently facing the Heart of the Fann if we break above this then it's very likely the DXY will see highs up in the 120s but for the time being we are below it and it looks like the DXY will struggle to get above the heartline so i think now would be a nice time to look for a retrace and perhaps test the old...
