The EURUSD has entered a period of consolidation this week after Friday’s fakeout above 1.1030. We saw some initial follow-through from sellers on Monday, but the close above 1.0930 kept the level intact as support. So, for now, EURUSD is trapped between 1.0930 support and 1.1030 resistance. Meanwhile, the US Dollar Index (DXY) consolidates above 101.50 support. I’ve mentioned the similarities between recent price action and the January/February bottom recently. However, DXY bulls still have work to do. Bulls need to secure a daily close above the 102.60 monthly open, which would open up the 103.50 yearly open. ... (full story)