We have a big move away from trend so pullback on DXY or sideways is in the cards for Friday to Monday ( first of the week ) I am expecting EUR pairs to find bottom and move up or go sideways and Gold / Oil to reverse or stop the move.
Looking like we have a sell flag before big news on DXY from FOMC. This could be a sell on dollar. We are above breakout level for dollar but we have a big sell flag on 1hr that has developed
DXY could be a long here! We have higher lows above breakout, Had a pull back above breakout so this would be the area to look for longs on DXY and shorts on Euro pairs!!!
Looking like US Dollar is rejecting for third time! So we might get a turn on Euro pairs like EUR/CAD and Gold / Silver / Oil. Watch out might get a short covering rally in all these pairs everyone is selling!!! Be careful on shorting....
It appears US Dollar / DXY might fail. Gold has broken up and testing down trend line on 4 hour and Euro is looking like it wants to head up. Might have a turn in place for short term trend change!
