DXY: US-Dollar Index: Short-Term Bounce Before Decline?

24 jul

The DXY could be working on a B-wave corrective bounce before wave C to the downside of a larger third wave within an ending diagonal pattern could send the DXY below the $100 mark. A break above standard resistance, i.e. a break above $105.94, could trigger the alternative scenario of a larger corrective rally that started in December 2023. However, this remains the alternative for now.