DXY Breaks Out Again!!
The US dollar has broken through highs and our profit target of 108.50, in a seemingly unstoppable rally. We have broken out to the 109's, finally retracing slightly around 109.25 or so. Recall that our next target is 109.86. We have fallen just short of that. It seems reasonable that we have a significant retracement at some point, to say 107.20, or 106.13, but it would be inadvisable to get in the way of this freight train at this point.
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