Fundamental vs. Price Action on DXY, which one wins?This analysis is on weekly and daily chart of DXY before Wednesday FOMC.
I think index is so over bought and needs some correction.
Needs correction but don’t lose your sight on overall trend.
Strong bull trends, bulls will buy first trend line break, any pullbacks.
Indicates
US100 strong bull legs / Higher levels expected / H4After retracement got stopped at the key level + Fibonacci level,
bulls enter the market and broke the trendline.
If price retraces more and tests lower prices,
I will get long and expect 16771.1 to be tested by bulls.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...