DX (US Dollar Index) moving towards target zone

By Lawrence

Almost all currencies are behaving nicely today, including GBPUSD that acted a bit strange yesterday.

The only thing left to do is to manage the stops.

DX obviously wanted to tag its previous multi-year support of 79.80 to 80.20 area.

A failure to do so with 1-2-3 or DT sell from below implies a melt down type move to retest the recent year low.