EURUSD BULLISH. DXY BEARISH

Good morning traders,

Again, our recent idea posted in tradingview last week moved exactly how we anticipated and TP hit.

This morning, we come back to our trading floor after taking 1 week break as few of our traders got diagnosed with Covid-19 positive.

Moving on to the charts, what we see is the correlation between EURUSD and DXY. Notice how during NFT, USD index swept its previous high while EURUSD refused to go any lower to sweep its previous low, both EURUSD and DXY leaving the wicks telling us that Banks have trapped alot of traders in that wick.

We now anticipate EURUSD bullish to take out some highs and potentially Heavily guarded high and DXY to be bearish and take out some lows

We will keep you all informed as price moves

Commento:

Moving SL to entry