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.
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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.
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