AlgoTradingGroup

EURUSD & DXY SMT DIVERGENCE

Long
TVC:DXY   U.S. Dollar Index
Good afternoon traders,

Yesteday's free EURUSD signal hit our target of 3.00% return (1:3 RR)

Today, while observing EURUSD and DXY, we noticed that there is a potnetial divergence between EURUSD and DXY i.e. DXY took out previous high however EURUSD did not take out previous low. We also noticed that there is a high volume 4H POI in EURUSD where it reacted to.

We could expect a buy entry on EURUSD soon. However currently we are only observing.

Potential EURUSD trade:


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