📊 Technical Outlook — January 6, 2026

📊 Technical Outlook — January 6, 2026

“Euro selling takes the spotlight — the dollar is firm, but still choppy”

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💱 Multi-Timeframe Summary (Key Updates)

🔹 Dollar Pairs — euro stands out as the weakest

👉 The dollar strength has shifted into a “euro-focused sell theme.”
Pullback selling in EUR/USD remains the higher-probability setup.

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🔹 USD/JPY & Dollar Crosses — trend points higher, but short-term noise

👉 The dollar is gradually firming,
but short- and medium-term signals are not fully aligned.

➡ Dollar longs are better treated as short-term trades for now.

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🔹 Cross-Yen — consolidating at high levels

👉 This is not yen-strength reversal —
more like a cooling-off phase after overheating.

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🔹 Gold & Bitcoin — clear difference in “temperature”

👉 Gold refuses to break lower,
while BTC remains in a trend-following environment.

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🧭 Big Picture

🔻 Euro
🔺 Dollar (gradually firmer)
🔁 Cross-yen — sideways at highs
🔺 Gold & BTC

= “Euro-selling × firm dollar × risk assets still resilient.”

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🎯 Trade Ideas (Current Bias)

🟩 Preferred Longs

• XAU/USD (Gold)

• BTC/USD

• Pullback-only: AUD/USD, GBP/USD

🟥 Preferred Shorts

• EUR/USD (sell rallies)

• EUR/JPY (short-term only)

⚠ Risk Notes

• USD/JPY: short-term sell vs. daily buy → direction mismatch

• Expect choppy moves tied to the Dollar Index swings

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📝 One-Line Summary

The main theme is euro selling.
The dollar is firm — but still uneven.
Buy dips in gold and BTC.