This is how I see it at the moment: --- Next week higher high than this week, i.e. you can probably look for short on Monday. Prerequisite for this: no closing price above 1.19 --- If it stays above 1.1751 this whole month, then the blue variant would be an option. --- Breaking and closing below 1.1751 (on a daily basis) would first lead to 1.1675, after that 1.1638 would also be possible.
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If DXY remains strong, we will see weakness in EURUSD for around 2 years (from 2022). The chart here would be a potential representation of what could happen.
I'm seeing the possibility of a bullish bounce on the USD if NFP exceeds expectations. With unemployment benefits set to expire next week it's quite possible that a lot more people have been looking for jobs recently. A strong dollar would line up nicely with your analysis of a bearish EURUSD push to 1.1751. Let's see how it plays out.
NeverNO
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@Shurls, If DXY remains stable above 89 this year, then, according to this scenario, a dollar strength would be conceivable until mid-July 2023, but then steep losses in less than 2 years (political and economic situation around the world could experience violent turbulence due to the planned Great Reset.)
If this happens, it will be exciting to see what will happen to the EURUSD... it could surprise everyone and be the first to fall towards 1.0980-1.0660.