U.S. Dollar IndexShort
DXY retracement levels
After the steep uptrend penetration more than a week ago, the DXY index is in the Elliott's second correction wave ( wave B). We used Fibonacci retracement levels to predict the potential third wave( wave C) endpoint. Typically, in corrections like this one, wave C is preliminary the same length as wave A. In most cases, the price retraces between 50 and 61,8%. The trigger level is 107,061. The max bottom price should be around 102,287.
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