dxy
If DXY:
If DXY:
- Closes H4 above 99.00
→ High chance of continuation toward:
- 99.40
- 100.00
This would be bearish for EURUSD.
If a rejection from 99.00 occurs:
Possible return toward:
- 98.30
- 97.80
- Meaning:
- DXY below 99.00 → leaning EURUSD buy bias
- DXY above 99.00 → leaning EURUSD short bias
- BUT:
- I wouldn't take it as an automatic rule.
- EURUSD is still below H4 resistances:
- 1.1680
- 1.1710
If:
- DXY breaks through 99.00,
- and EURUSD stays below 1.1680,
- then a EURUSD short starts to become more probable.
Trendlines H1,H4, SMC
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