Thread: EUR/USD, GBP/USD and dollar index: analysis and projections

Is anyone following the dollar index in weekly charts? The structure seems pretty clear.

Yes, and I agree with you, the diagonal seems to be ending, but look at the false breaks.

I don't trust the technical analysis in the DXY lately.

GBP/USD is very close to my critical area: 2.0840. If it reaches 2,0853, I close everything and expect confirmation of turn.

Right where I have strong weekly resistance, I think there's going to be war there.

If the BOE stays dovish, forget about a spin there.

In EUR/USD I have partial TP at 1.4985. The rest I let run. RSI is already in overpurchase zone.

Although I've already learned that overbuying on strong trends doesn't mean anything.

I would've shut everything down there, if you turn around, you're gonna want to kill yourself.

USD/JPY begins to recover momentum. I would not rule out seeing 117.50 soon if the feeling remains.