So the DXY failed to make a higher high on the daily, while the EU made a lower low. The GU also failed to make a lower low, so the DXY is being accumulated for shorts.
Zooming in into the 1H chart, we can see that between May 19th and May 20st the DXY made a higher high, the EU made a lower low, but the GU failed to make a lower low.
So GU is being accumulated and will make a stronger move to the upside.
I will continue to BUY the GU using the OLHC concept, so buy under the 0EST opening price (preferabele decline or judas swing for that matter is not more than 33% of the average daily range).
I will probably do this until July where I will monitor the situation (we might be in the 1.6420 region by that time)
Zooming in into the 1H chart, we can see that between May 19th and May 20st the DXY made a higher high, the EU made a lower low, but the GU failed to make a lower low.
So GU is being accumulated and will make a stronger move to the upside.
I will continue to BUY the GU using the OLHC concept, so buy under the 0EST opening price (preferabele decline or judas swing for that matter is not more than 33% of the average daily range).
I will probably do this until July where I will monitor the situation (we might be in the 1.6420 region by that time)
