We are at the moment on a major DXY sell off, It might look like it will continue to crash, but monthly chart shows a different story, we are just at Wave D, with Wave E being final rally for Dxy to 110 area, until the moment Dxy respected the trendline, support at 96.40 will decide the continuation of uptrend of break to the downtrend.
This is pure technical analysis but some other major factors such as stocks being in uptrend for months now also can support this since they move opposite, and we can probably see another sell off at stocks on a next liquidation phase.
This is pure technical analysis but some other major factors such as stocks being in uptrend for months now also can support this since they move opposite, and we can probably see another sell off at stocks on a next liquidation phase.