The overbought daily indicators coupled with the Monday’s Doji candle suggests the dollar index is likely to re-test confluence of support around 100.60 (23.6% of Nov 9 low – Nov 24 high + H&S neckline).
An hourly close below 100.60 would open doors for a much deeper retracement to sub-100 levels.
An hourly close below 100.60 would open doors for a much deeper retracement to sub-100 levels.
