23062023 - #EURUSD
DXY printed a rather bullish candle yesterday. And that should provide further upside for today. Indeed, that BOJ news seem to be a trigger for that, as DXY went higher.
In terms of price action, yesterday's candle looked like a reversal candle which could trigger further downside today(as it did now) but at the same time BZ could act to hold the bottom. Given that the down move has started, looking for price to trade above BZ to try a long for a move to 1.100 and 1.1030. In terms of DXY, 102.6 here is resistance. Looking for rejection here.
In terms of price action, yesterday's candle looked like a reversal candle which could trigger further downside today(as it did now) but at the same time BZ could act to hold the bottom. Given that the down move has started, looking for price to trade above BZ to try a long for a move to 1.100 and 1.1030. In terms of DXY, 102.6 here is resistance. Looking for rejection here.
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