hi guys. Bias for DXY is still up. However, with the yesterday 4H bear candles, dxy seems go down a bit. I don't think it goes down lower than 108, as it had plenty of time to do that but did the opposite in the last few days. For eurusd, I assume that considering dxy at 108, the pair can up to 1.01700 to 1.01900 which is a key level in upper timeframes. I think this is the area in which institutions and long-term traders will start selling Euro. If this analysis comes true, it is quite reasonable to sell EU.
What do you think of it?
What do you think of it?
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.