Short

DXY - next week

Updated

As for now still, for me DXY looks bearish - looking at price action. Price is still in the downtrend and I expect it to drop. That will of course depend on the Fundamentals in the upcoming week, but I trade what I see so until the high is broken, DXY seem to be losing it's value. That is important to know as I am for example still bullish on EU.

Note

As you can see, price consolidated in the sell zone for to long and it just break through it, buyers becoming stronger than sellers. Now that is not bad at all as I see next that the price is aiming for 105.00 level and from there it can react and drop. Other then that, DXY getting bullish strength. But pairs such as EU are still bullish for me until invalidation of the trading range - break of 4H low.

Tilen_FX

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