DXY: A possible reflection point on fibo 2.618
Traders,
Dollar is weak and will be hard for it back to 100, but still possible pull back to 90.
To make Trump's family business great again, Trump made Jerome Powel as new Chairmen of Fed Reserve,also made a good to-make-dollar-weak team.
Technically, fibo 2.618 is a strong position to bounce up for a necessary correction. As long as Dxy staying insider the channel, it will drop more after the correction. This view only valid as long as the blue channel valid and is for swing traders.
Less is more!
Dollar is weak and will be hard for it back to 100, but still possible pull back to 90.
To make Trump's family business great again, Trump made Jerome Powel as new Chairmen of Fed Reserve,also made a good to-make-dollar-weak team.
Technically, fibo 2.618 is a strong position to bounce up for a necessary correction. As long as Dxy staying insider the channel, it will drop more after the correction. This view only valid as long as the blue channel valid and is for swing traders.
Less is more!
