The Pair has been trading down as we all know but for how long it will never go down forever , as we can see there is a POC that the pair has been trading for a while plus to Price action zone the pair is testing for another time .
My POV is to go long with Hedge Position down that Zone .
EURCHF has been trading in an UP trend for a long time forming 3 buttoms to make this Price action zone .
From our POV the Pair will go up but it might need tests for the price action and may be the up trend .
We will wait for that test or if there is a break we will short it .
Be patient and Always Stay Green .
Gold is setting at the previous days of POC , it has to test the 0.382 FIBO and go back to POC then going to the Price Action level testing and if the test succeed it will head up to 1302 Previous important Resistance we have seen in the couple weeks before .
SWISS FRANC CURRENCY INDEX has been trading down with lower highs and thats indicates to more highs , the currency is forming a down channel with rejecting from MA 100 150 200 its more bearish .
As you can see also MACD and RSI is going down thats only confirmation because as we know indicators doesn't predict the market its only follow .
I am Guessing that...
Closing Down the Price action area is the formation to down trend till 97.95 or reverse from up trend .
Forming Higher lows is a sign of up trend so from my Point of View the DXY is going to test one of these areas
and wait for a good news then go up .
XAUUSD has been trading in a sideways for a long time and it tested the upper line of the trend many times so if it goes up for this line it gonna break and it will be long break .
Check the Daily Chart it reverse again from the up trend so lets wait and get a good entry exit soon for a long term trade .