Yesterday the dollar showed strength and gained some value which affected the major pairs positively and some negatively. At this current point it is very challenging to gauge what the dollar will do next as it has created a lower high which shows sellers being present. However, the trend is still respected as the buyers still have the power.
At this point i would advise to be patient and wait for a clear direction with the DXY and sit on your hands with the majors. The market maker could be collecting some contracts and causing this consolidation to confuse as much retail traders as possible.
At this point i would advise to be patient and wait for a clear direction with the DXY and sit on your hands with the majors. The market maker could be collecting some contracts and causing this consolidation to confuse as much retail traders as possible.