Bottom forming on the USD. Short EURUSD
There's a potential bottom forming on the DXY on the daily timeframe at the time of writing. Multiple rejection style candles confirm that there's demand at this zone (boxed)! To confirm the idea further, the 200 day SMA is sitting exactly at this level. There will be some big players entering this trade - longing USD and short EUR, maybe even shorting SPY. The risk to reward is very attractive.
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