EURUSD short UPDATE (Previous Analysis like Predicted)

EU went up like predicted. I mentioned 2 possible targets for long but we saw that price did not respected the Supply Zone and shot through. So there was no confirmation for taking short positions.

Current State:
Now we are the Resistance Zone and we see that the price reacted on that Zone. I expect the price to drop now to the next Demand Zone.

Price Action:
We also so a on h4 a reversal candle stick pattern

DXY:
Also important is to watch the DXY. EURUSD is correlated with it and the price at the DXY is at the bottom of the ascending Chanel and also at the Demand Zone and Support Zone. So I expect also at the DXY that the price goes up. Therefore EURUSD should go down.
Also check my DXY Analysis.

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