Dollar Faces Major Golden Ratio Correction

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Dollar Faces Major Golden Ratio CorrectionU.S. Dollar Currency IndexTVC:DXYLestradePhRecent GDP data puts the dollar into uptrend(rise from 3.3% to 3.8%) reaching around 98.7 and hit a Major Fibonacci 0.618 Correction and Multi-month highs. The Dollar can be expected to correct at the 0.5 ratio(around 97) of the recent trend along with the trendline. If the dollar sentiment is to follow the rate cuts, we will see the dollar to the downside and stocks, crypto and commodities to the upside. The Fed has recently announce a possibility of two more rate cuts happening this year Q4 of 2025. The cut is stays at 25 bps rather than the expected 50 bps. Some investors say it is not enough to bring positivity to the market. Traders, what are your thoughts?