Measured Retreat Squeeze Breakout
Since beginning 2017 DXY has been in a measured cooldown period where the range was tightening. We have recently had a breakout to the upside of this measured retreat funnel. Contrary to many calling a top in the dollar, i believe it still has a bit to go. The movement may be choppy but target of 106 is very likely on the balance of probabilities.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.