Definitely a retrace coming - USDX

The Dollar Index - USDX has met the AB CD measured move target at 80.82 after yesterdays break and close abive the 200 day simple moving average. The doji candle formed at yesterdays close with a gap-up open from thursday combined with slow stochastic crossing over bearish at oversold levels is the clearest warning we could get that an imminent retrace is on the cards . A reversal monday closing back below the 200 day sma would confirm this scenario with a retracement target of 78.81 also the 50% fib.