How To Trade EURUSD With the U.S. Dollar Index (DXY)

Jan 24

How To Trade EURUSD With the U.S. Dollar Index (DXY)

Today I will show you how to use the U.S. Dollar Index (DXY) to your advantage when trading USD-related instruments.

The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies.

I will be using a real-time analysis between DXY and EURUSD which is working well so far.

However, DXY should only be used as a reference and not for direct trading, because each financial instrument related to the USD has its personality and way of moving.


You may watch the video for further details!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

Jan 25

Note

👉The focus for today will be on the second part of the day with the ECB Interest Rate Decision and the US GDP data.
ECB is not expected to increase in the interest rates. Probably we will hear the same old comments.
What can make the difference is the monetary policy statement. They can share details about a possible rate cut moment.

On the other hand, we have also the GDP data from the US. This is also a critical moment as the market is still speculating about FED and a possible rate cut.

The market may move only during the second part of the day and during the news

Jan 25

Note

EURUSD - the price is developing very well for the moment:)

Jan 25

Trade closed: target reached

EURUSD: Target _1 Reached as explained in the video...100 pips move down:)