DXY H4 Overview
The DXY is still very much bearish, every retracement on a bullish side can be seen to either fill up gaps or correct Price Inefficiency.
What this means for Dollar based pairs?
EU still shows signs of bullishness on HTF in contrast to GU which shows bearishness on Weekly though the monthly bias still remains bullish. EU yet to break its bullish structure in support of DXY been bearish, it is currently in a range. On the other hand a very probable Sell can be seen on GU as it has been seen to have broken it's bullish structure on HTF{Daily} last week also supporting any retracement on DXY.
Trading tip; Short term trade advised on EU till it shifts out of it's consolidation.
What this means for Dollar based pairs?
EU still shows signs of bullishness on HTF in contrast to GU which shows bearishness on Weekly though the monthly bias still remains bullish. EU yet to break its bullish structure in support of DXY been bearish, it is currently in a range. On the other hand a very probable Sell can be seen on GU as it has been seen to have broken it's bullish structure on HTF{Daily} last week also supporting any retracement on DXY.
Trading tip; Short term trade advised on EU till it shifts out of it's consolidation.
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