Deciding level for DXY (US dollar index)
This is a very important level where either DXY will keep going up to the resistance RED TREND LINE or go back down to the PURPLE support level.
Based on this chart then yes, we can see DXT has risen above the immediate resistance but EURUSD is also being supported by the 200MA and horizontal support.
Therefore, I have closed 37% of my SHORT EURUSD POSITION and left the the rest to run with SL at BE.
Enjoy this info and use it to make decision whether to hold, close full or partially your current positions.
At the same time the market is closed in the US today so we cannot really say much.
Based on this chart then yes, we can see DXT has risen above the immediate resistance but EURUSD is also being supported by the 200MA and horizontal support.
Therefore, I have closed 37% of my SHORT EURUSD POSITION and left the the rest to run with SL at BE.
Enjoy this info and use it to make decision whether to hold, close full or partially your current positions.
At the same time the market is closed in the US today so we cannot really say much.
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