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EURUSD: Watch DXY 102.60 for Clues

From dailypriceaction.com

Today I’m going to share a must-watch level on the US Dollar Index (DXY) that could offer significant clues for EURUSD this month. I’ll discuss key levels and targets if dollar bulls can follow through. The EURUSD has been a difficult currency pair to read over the last few weeks. One reason for that is the pair’s indecision at the 1.0930 key level from August. We’ve seen the euro fail to hold that level as new support twice since late November, with the most recent occurrence being just last week. This is one of those times where paying attention to the DXY can payoff, quite literally. The DXY key levels are easier ... (full story)

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  • Category: Technical Analysis