Going along with my take on the Dollar Index, we can expect the DXY to sell, therefore causing this pair to sell as the dollar weakens. We can see that price has broken this trend and has failed the retest, thus becoming a confirmation to sell.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.