Thats my personal view of the DXY chart. We respected our demand zone and shifted Structure on H4 timeframe. so follow the order flow. We have a nice supply level above the liquidity until there we can look for dollar longs. Which means automatically EU GU AU NU shorts.
Have a nice trading week.
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Inside of my Daily demand we have untested H4 demand with imbalance too. if the dxy wants to grab more liquidity it will fill the H4 and then go up. but on daily my analysis stays the same.
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US CPI data being higher than expected today will push dollar
With NFP coming out high and unemployment falling once again we are seeing potential for further fed hikes priced in. This may mean that the CPI could perform better than expected.
happy wednesday
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We could see DXY heading between 100.000 - 100.500 still not enough power to move.