The yellow box is where I expect the first reaction. This situation will currently have a negative impact on bullish "x/usd" pairs, especially on the Eurusd side. If the correction deepens, I am expecting a reversal from the gray box for the Dollar Index (likely in the new year.)
#EURUSD
On a larger timeframe, (looking at the monthly), even though I target lower levels for $EUR , ($1.1390) seems to close this month positively. I have set the first target as the purple line and the second target as the gray box.
If it reaches the levels I have identified as Extreme Supply, I will be short-biased, (considering the overall market condition🤝)
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#DXY
The yellow box is where I expect the first reaction. This situation will currently have a negative impact on bullish "x/usd" pairs, especially on the Eurusd side. If the correction deepens, I am expecting a reversal from the gray box for the Dollar Index (likely in the new year.)
#EURUSD
On a larger timeframe, (looking at the monthly), even though I target lower levels for $EUR , ($1.1390) seems to close this month positively. I have set the first target as the purple line and the second target as the gray box.
If it reaches the levels I have identified as Extreme Supply, I will be short-biased,
(considering the overall market condition🤝)