My first chart is a short term daily where I have drawn two Blue Trading Cycle (TC) uptrend lines. As the high, thus far, is still on day 9, the dotted blue line is still valid. As long as the day 9 top holds, this will still likely be a Left Translated cycle but we also want to see a Lower TC Low below the early Feb TC Low. A failed cycle here should then move price rapidly lower and should break the longer Intermediate Cycle uptrend in my second, longer term chart. This is my cycle analysis based on Time, Cycle Norms and the Price Action we are seeing here.
Back to the first chart. The dip down on day 11 below the 10ema has also formed a pivot which is often what we see at a Half Cycle Low. This is why I have drawn a second Blue line but note that it was also breached today but the dollar bounced and closed back above the line and the 10ema. The USD is putting up a stiff fight against moving lower but only a close above the 50ma and the IC Downtrend in my second chart would cause me to alter my cycle views here.