Weekly technical analysis: DXY, EUR/USD, GBP/USD and more

Dollar Index (DXY)

• Current Structure: Bullish MS with a clean 4H FVG mitigation in progress.
• Liquidity: Buy-side above is intact and unswept.
• Draw: Liquidity above July 1st swing high (Buy-side Liquidity labeled).
• Note: Price may dip to refine the yellow FVG before continuation.

Bias: Bullish. Looking for continuation toward 98.20.

EUR/USD

• Structure: Bearish with clean Equal Relative Lows (ERL) + FVG below.
• Liquidity: ERLs resting at 1.16600–1.16700 zone → prime for sweep.
• Daily OB: Still unmitigated around 1.15500
• Scenario: FVG chain into deeper OB (Mentorship 2022 Scenario).

Bias: Bearish to 1.15500 zone. High conviction setup.

GBP/USD

• Structure: Bullish rebound off Daily OB.
• Liquidity: Sell-side swept below July 10th.
• Reaction: Bullish structure forming off the Daily OB + large 4H range.
• Target: Buy-side at 1.36200s.

Bias: Bullish. But prefer confirmation during NY session for entry.

AUD/USD

• Structure: Bullish with recent displacement.
• Liquidity: Still resting below unmitigated OB (around 0.65500).
• FVG: Mitigation zone at 0.65700 (being tested).
• Note: Minor ERL liquidity at the top. Deeper retrace possible.

Bias: Bullish with possible deeper pullback to 0.6550 OB.
Let it pull back before entering.

Gold (XAU/USD)

• Structure: Bullish, recent shift confirmed.
• Breaker (BRK): Clean zone around 3315–3340.
• Liquidity: ERL above 3440 untouched.
• Ideal Scenario: Pullback to yellow BRK → NY continuation.

Bias: Bullish with retracement entry from BRK. High probability trade.

US100 (NASDAQ CFD)

• Structure: Bullish range developing.
• Liquidity: Equal Highs forming around 22900.
• Breaker: Clean rejection from 22400s BRK if price dips.
• Comment: Could offer continuation if NY opens with pullback.

Bias: Bullish, but NYAM confirmation needed.

Top two setups for today

1. EUR/USD – Sell Into Daily OB

• Entry: After sweep of current 4H FVG or retest of ERL.
• Trigger: NYAM killzone ideal. Watch for BOS on 1H or 15m.
• Target: 1.15500 (Daily OB zone).
• Scenario: ERL sweep + FVG mitigation → continuation.

2. GOLD (XAU/USD) – NY Pullback Long

• Entry: Pullback into yellow BRK zone (3315–3340).
• Trigger: 15m confirmation or BOS during NYAM.
• Target: 3440 ERL area.

Final tactical notes

• DXY Bullish confirms USD strength bias → EUR/USD ideal for short.
• GOLD offers high precision long with BRK support.
• GBP/USD and NAS100 are valid, but second-tier today due to entry uncertainty.
• AUD/USD: Don't buy highs. Let it return to OB.