It spiked up to 3580 and then sank to 3460 area. Next in line will be 3540 maximum and then down to 3420 to 3350 area. Tomorrow and Thursday this should happen.
I agree. In fact, it looks very likely for FOMC tomorrow afternoon to cause DXY to spike high and keep going up based on new high inflation data and possibly signaling higher interest rates.
At the same time, the EURO economy is appearing weak in general.
In that case, I can see EUR/USD dumping down to 1.12 by the end of this week. Yes, that's over 500 pips in 3 days. Last year, in April of 2025, EUR/USD spiked 570 pips up in 3 days. So, surely it can come back down that fast.
What if it happens???
So, I entered short with full 50:1 leverage at 1.17146, TP = 1.12 (+219.63% ROI), SL = 1.18317 (-49.98% ROI).
Wish me luck
Edit: EUR/USD price dumped shortly opening my short, so I opened additional short positions with the extra margin from the unrealized profits.
Average short position = 1.17143, TP = 1.12 (+229.07% ROI) SL = 1.18265 (-49.98% ROI).
You cannot fail if you never give up.
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