DXY Update :
DXY flipped to the upside, which impacted the alts and market a bit. Well, if the closing is found above 103.75, when we can expect it to reach till strong resistance area of 104.21 – 104.41, which will lead in a healthy correction in the market. Moreover, it forming a Head and Shoulder Pattern, which is a reversal pattern, so have an eye on it.
DXY went what was expected and formed a new Lower Low in the Market. Index retested the zone as resistance and rejected too. A similar is expected with the Monday Market Open to reach near the Major support level. On the H4 TF, it also shows bearishness, so the market could have a little more room to pump.