At the moment, the balance of forces has formed on the chart of the USD (USDX) Index. We see five candles dodges in a row on the H4 chart.
Doji candles are highlighted in a blue square. This is a sign of uncertainty and market indecision. On a 5-minute chart, it looks like this.
What is USDX and how to use it in this article. The index is in a downtrend, below 100 SMA H1 and over support (green line). This situation can not last long and we must see a breakthrough from the consolidation zone. It remains only to have patience.
Less than an hour and our doji perfectly worked themselves out mainly by taking stops of EUR sellers.