The correction from last Tuesday’s peak should turn from 77.44 or higher if bulls are to resume their dominance. That would become instantly true if DXY were to pop above 77.99 today. Traders looking for a place to bottom-fish can use a 77.02 target — my worst-case low for the near term, but also the spot with the best odds for speculative buying. _______ UPDATE: DXY has surged today, but the rally peak has thus far failed to take out the look-to-the-left peak at 77.99 mentioned above. Bulls are obviously in charge, if noticeably lacking in guts.
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