$DXY -Relief rally for the Markets? (UPDATE)
Updated
Not yet a Higher High on DXY for the price action to change downtrend direction.
12 HR rejection candle forming from 1 Fibbonacci Level coming as Resistance.
Sunday, 7th of June, Russia re-strike Kiew,Ukraine and UK proceeded to help Ukraine with long range missiles
How will DXY react?
Still early to tell for DXY, however for the time being, first shifts have already taken place on TA
Note that a Higher High would invalidate midd-term Short idea for the DXY and overall markets would be facing another leg down
TRADE SAFE
12 HR rejection candle forming from 1 Fibbonacci Level coming as Resistance.
Sunday, 7th of June, Russia re-strike Kiew,Ukraine and UK proceeded to help Ukraine with long range missiles
How will DXY react?
Still early to tell for DXY, however for the time being, first shifts have already taken place on TA
Note that a Higher High would invalidate midd-term Short idea for the DXY and overall markets would be facing another leg down
TRADE SAFE
Note
0.618 Zone of White Fibbonacci is aswell a strong area of rejection for the momentum uptrend DXY currently is at.
In case correction for DXY has completed with the measured move low then the white fibbonacci 1.618 will be the next target of creating a Higher High on zoomed out longer time frames
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