Why do traders put their neck on the line by keep on calling support on DXY. If I had a penny for every time a trader called for a support on dxy, I would be rich :-) Why don't traders understand dxy is not going to recover until there is political stability. Look there was decent data today and yet dxy went down - why? Because there is political mess in the USA - that is why.
@jorv2074, Ahmen! Everyone is try to pick a bottom instead of waiting for an uptrend to begin and then hop on board. Bottom pickers and top pickers become cotton pickers!!! Been short the usd since 96....
The game is worth the candle here. As you say, retest somewhat likely, and they've mostly failed this year. But I think fundamentals point to this being a good time & place to play this particular game.
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