I was expecting EURUSD to break DXY 100 but price action is always the priority. and my prediction turned out to be wrong. Time to change the mindset. Smart money increased their net long positions on the pair. This can be a sign that EUR may gain but I think they will increase the longs as the EUR will make a bottom at 0.96.
Why I think like that?
AUDUSD already reversed. NZDUSD is forcing the resistance but will possibly turn back. NI225 is rising which indicates a rise at USDJPY signalling strong USD. GBP went bullish but stucked at 1.2520-1.2560 region. Matter of time it may turn back. Many important news will come on Monday. If the consolidation channel formed breaks to 1.02 I will go short.
Best luck to all this week...
Why I think like that?
AUDUSD already reversed. NZDUSD is forcing the resistance but will possibly turn back. NI225 is rising which indicates a rise at USDJPY signalling strong USD. GBP went bullish but stucked at 1.2520-1.2560 region. Matter of time it may turn back. Many important news will come on Monday. If the consolidation channel formed breaks to 1.02 I will go short.
Best luck to all this week...