Bullish things to note: - Hit our first target @ LT Resistance $111.50 - Topped-out @ $111.83 so far - Price holding 9SMA as support & it's turning up (bullish) - Major support @ 50SMA back-tested successfully Sept 13 -LT Support channel @ $106 - $107
Bearish things to note: - RSI getting OB - LT Resistance $111.50 - $112.34 - RSI getting OB
As we get higher towards the LT resistance channel & the RSI gets more OB, expect a sell-off on DXY & a bounce/recovery phase with the risk-on assets. Remember though, prices can always go a whole lot high & lower than what people expect, so remain objective here.