DXY vs. EURUSD – Pre-FOMC DivergenceDollar Index (DXY)
Yesterday’s move was fully absorbed inside a tight range, leaving the internal range high at 99.804 ahead of the Fed meeting.
Liquidity is at 98.00 stacked above that zone; market makers could easily run the stops toward the 98 handle before any larger downside move.
EURUSD
Meanwhile, EURUSD broke out of its major range, giving us a new weekly structure with a key reference low at 1.13914.
Cross-Market View
This sets up a classic divergence:
Dollar – trapped in a premium sell range, heavy liquidity overhead.
Euro – fresh upside structure.
For cross-pairs this often means sharp pullbacks or erratic price action as we approach the FOMC decision.
Trade Notes
Stay nimble and keep stops tight.
