D/240/60 -- Daily downtrend - however in territory that correction is likely (see D chart - ellipse) - however we always know the trend can always make another low before the correction.
4h/1h uptrend is meeting the TL and we have a nice consolidation with a lower high in play.. So looks like decision time! -- Break the box below and round number of 90 - looks like sell back to TL below or new low is a good idea. Break the box and TL above and the daily correction to upside for DXY is likely in play.. This chart will impact all the majors.. Happy Trading!
4h/1h uptrend is meeting the TL and we have a nice consolidation with a lower high in play.. So looks like decision time! -- Break the box below and round number of 90 - looks like sell back to TL below or new low is a good idea. Break the box and TL above and the daily correction to upside for DXY is likely in play.. This chart will impact all the majors.. Happy Trading!