Can it be a retest of resistance before a huger pullback? and then it go to the sky? or are you certain it will go up now. I mean im 100% confident its a long buy in longer timeframe but in short term this week what do you think?
Scamtrader
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@larsnmars, As long as DXY is bullish, it is not worth buying EURUSD for anything other than short time frame.
DXY just flipped weekly resistance into support. Meaning long term EURUSD will go down.
Yuriy_Bishko
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@Scamtrader, DXY could become bearish)
Do u consider it?
Scamtrader
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@Yuriy_Bishko, It will become bearish again soon enough yes. But since it just flipped weekly resistance I assume we go up for a few weeks.
Nothing goes down in a straight line. DXY almost had straight line down since april 2020. This is the first time it managed to flip a weekly resistance.