DXY - 240 - A bit of retracement and then up again?

This is something just to keep in mind. During the first half of the European trading day, we saw DXY spiking higher and making its way towards the 97.32 barrier. The index may retrace back down a bit, but if the bulls see the slide as good opportunity to step in again, the index could push higher once again, potentially breaking above the 97.32 level and moving further up.

Please see the chart for details.

Don't forget your stop-loss.