Sharp Retracement in the DXY

The DXY has fallen sharply rejecting highs and slicing through the 109's. As predicted we are seeing support at 108.50. We were bound to see a technical retracement after such a strong rally. We will see if 108.50 holds. If so, then we are likely to range in a sideways correction for now. If not, we could press further to find support at 107.20. If we are able to rally again 111.37.