DXY Sideways Correction

As we predicted yesterday, the DXY continues to consolidate in a sideways correction between the relatively narrow range between 106.13 and 107.20. This follows a retracement from highs around 109. It is reasonable to expect the dollar to correct a bit after such a strong rally. If we break out, we could test 108.50 again. If we break down, we could test our levels in the 105's at 105.78 and 105.25.
Chart PatternsCurrenciesdollarDXYEURUSDForexTechnical IndicatorskovachquantguyTrend AnalysisUSDUSDJPY

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