Dollar Index still has room to the upside, but we are approaching the balanced range of the 95.409 – 95.735 area. Predicating one more push to the upside at least to 95.410, and if it does touch today, will probably close all Major trades, only if it does touch TODAY!
On the EURUSD pair we have hit the breaker on the 1H chart, if DXY continues its move up we hold the same outlook as yesterday targeting a short to the 1.13975 area, especially if we retrace to the 1.14569 zone, keep an eye on that!
We maintain most of the analysis from yesterday being bears on GBPUSD, NZDUSD, & AUDUSD
In todays Crypto, BTC has room to the downside, reaching for the 60880 – 61403 levels. Ethereum broke structure, target a drop to 4474 – 4450 area. XRP is similar to ETH , price hit the breaker instead of high, so we are looking for room to the downside.
There is a lot more to unpack – do remember that a full breakdown is available for members only on the portal Forex Lens Portal
For more Forex content like this:
- Sign up to become a Pro Trader
- Join our Discord server and chat with us
- Book a Demo with us to get a full tour
- See our Pro Trader Membership Pricing plans
- Read our previous blog article: Majors and Super Bear AUDUSD looking to drop + Dollar Bulls Taking Over
