We see DXy finally lead with a strong rejection. That doesn't mean its done climbing, there is still much uncertainty in terms of macro economic climate and this can have a profound effect on the US dollar. I'm watching the 2020 high (around 103) for the next retest; closing under that might suggest a larger drop, but respecting that support could indicate a brief retracement on the way to 105 and beyond.
In the meantime this retracement should provide some relief to crypto markets, and especially Bitcoin and Ethereum.
In the meantime this retracement should provide some relief to crypto markets, and especially Bitcoin and Ethereum.