DXY – Reversal in Motion, Correction Next?

[m_c_jacob]

In my previous DXY analysis, I highlighted that all the bad news might already be priced in for the USD, opening the door for a reversal.
That scenario is now unfolding: after making new dips, the index bounced strongly from the 95 zone and is currently trading around 98.

After such a sharp rebound, the market looks ready for a correction. This pullback phase could provide traders with attractive opportunities – especially to position short on the major USD pairs, but at better, higher prices.

Trading Plan:

The reversal has confirmed, but I expect a correction before continuation.

I’m looking for retracements to offer entry levels for USD shorts via majors.

As always, flexibility is key – monitor price action closely to time entries correctly.

The market has started to shift – now it’s about waiting for the correction to align risk and reward properly.