In the 1h chart we can see a negative correlation between DXY and EXY.
While DXY broke out of the falling wedge with a nice kick, we saw EXY break out of the rising wedge. In the Dollar index I see a nice bottom formation with HLs and a HH. In the Euro Index we can see a top formation with LLs and LH !
My trading plan for this week: EUR/USD SHORT
I would like to mention that all I post are just options and my own opinion ! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
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