(M) Call the devil! This is Dxy!
DXY
One technical double top reinforced by the monthly fractal as resistance forged at 102.99 - The pattern requires validation below February lows (88.25) and it should target the 200% extension below (75.87), converging with the major 88% fib retracement level and the previous structure lows from 2011;
The inverted head and shoulders (as a trend continuation) - We still need the right shoulder to form, we are approaching one major ascending trend line as potential support but also the 78% fib retracement as a bullish cypher pattern completion point (91.40), which may help the formation of the missing shoulder - The pattern requires validation above the monthly resistance forged at 102.99 and it should target the 200% fib projected at 115.35 - also converging with the 88% fib retracement level and the previous structure highs from 2001/02.
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