More intraday selling for the dollar - #dxy #forex $dxy $eurusd

The dollar index is exhibiting all the signs of momentum exhaustion as we can see a rounding top, a point of control and a failed breakout at the 99.20 area. This is completely normal in a heathy market as we anticipate profit taking to ensue. With that being said, the sentiment for today seems to be risk on and therefore we will be looking for more downside levels on the dollar index and major trading pairs. For the dixie we have have levels at 98 handle as a key short term target to be tested.