URUSD Faces Pressure Near 1.15100 as DXY Holds Strong Above 100!

[cryptobro]

Hey Traders,

In today’s trading session we are monitoring EURUSD for a selling opportunity around the 1.15100 zone. The pair is trading within a broader downtrend and is currently in a correction phase, approaching the trend resistance at 1.15100.

Structure:
EURUSD continues to form lower highs and lower lows, suggesting that sellers remain in control. The 1.15100 zone stands as a key resistance where bearish momentum could resume.

Fundamentals:
This setup aligns with the recent DXY analysis, where the Dollar Index is holding firm around 100.000 after hawkish Fed remarks downplayed the likelihood of a December rate cut. A resilient Dollar backdrop strengthens the bearish case for EURUSD as policy divergence continues to favor the greenback.

Next move:
We’ll be watching price action at 1.15100 for potential rejection and continuation lower.

[alex10]

DXY strength putting heavy pressure on majors again.

[Nahid Hossen]

As long as DXY stays above 100, dollar bulls remain in control.