DXY Cup and Handle Breakout
DXY looks like it has formed a cup and handle pattern and breaking up out of the handle channel.
There's a HTF FVG between ~ $108.4-$109.4 acting as an upward magnet to be filled.
The current 1.618 fib target is $106.15 followed by the 2.618 at $107.46.
--
On the flip side, if the retest of the channel top breaks down, the bearish FVG at the $102.6-$101.9 may get filled first before recharging for upward movement.
DYOR.
There's a HTF FVG between ~ $108.4-$109.4 acting as an upward magnet to be filled.
The current 1.618 fib target is $106.15 followed by the 2.618 at $107.46.
--
On the flip side, if the retest of the channel top breaks down, the bearish FVG at the $102.6-$101.9 may get filled first before recharging for upward movement.
DYOR.
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.