Weekly Forecast For July 22-26, 2024 (DXY, EURUSD, GBPUSD, AUDUSD, XAUUSD)

The US dollar reclaimed a significant level late last week, so how might that affect your favorite currency pairs this week? Check out the video below for the latest on the US Dollar Index (DXY), EURUSD, GBPUSD, AUDUSD, and XAUUSD. If you saw last weekend’s forecast video, you know I was watching for a DXY sweep of 104.00 support, followed by a reclaim of the level. The reason I was looking for a sweep down to 103.50 was the liquidity that had built up below 104.00, combined with the imbalance from March 21st. We got exactly that from the DXY this week, with Wednesday closing below 104.00 and Thursday closing back ...