Last night during our Unity live session, we spoke extensively about this pull back potentially reaching the 38 fib retracement, which as it turns out as well is where our most relevant Demand Zone is as well.
The timeframes are telling different stories at the moment, with the 4h looking like it’s due for a bit of a bounce from here, but our Daily is still way up there, in terms of our moving oscillators.
Amid the panic around the globe at the moment among the markets, I wouldn’t discount more downwards momentum for the DXY.
Looking for some more respected candles over the next day or to confirm our direction for sure.
A further retrace to the 50 or 61 Fibonacci levels is likely.
The timeframes are telling different stories at the moment, with the 4h looking like it’s due for a bit of a bounce from here, but our Daily is still way up there, in terms of our moving oscillators.
Amid the panic around the globe at the moment among the markets, I wouldn’t discount more downwards momentum for the DXY.
Looking for some more respected candles over the next day or to confirm our direction for sure.
A further retrace to the 50 or 61 Fibonacci levels is likely.