DXY: Tuesday Week11

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Hi Guys,

the scenario hasn't changed much since my last post. DXY still looking bearish into mid week11. FOMC meeting due tomorrow.
50SMA keeps pushing despite divergence with RSI. A,B and C are lower lows. RSI is making higher lows compared to price.
If the index re-climbs above 1000SMA and crosses the 50SMA for the upside at the same time, DXY may commence correcting week10 fall.
RSI still below 50 though and if bearish momentum picks up next stop could be week8 low.

IMHO in the 4H chart below options may be: A) a run towards 50SMA or B) a run towards 1000SMA

Thank you for your support and for sharing your ideas.

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