DXY/EURUSD: Analysing November directional bias and Price ActionEuro/US DollarFX:EURUSDmsaphindaniHello fellow Price Action (PA)/ Smart Money Concept (SMC) - traders, i am focusing my attention on the usual strong inverse correlation between DXY and EURUSD for the month of November. My analysis suggests we are setting up for a significant expansion, following a recent swing contraction below 100.000 liquidity level and price rejection. 1. Dollar Index (DXY) context: *Observation: The DXY attepted to generate a swing low on 17 Septemter 2025 but failed, having swept the swing support liquidity level 100.000. and on 4 November 2025 the the daily structure closed fully above the 100.000 liquidity level, which signals the zone to be a probable support to resistance liquidity shift. which indicates a bearish market exhaustion. with the level of 2008 - 80.250 holding structure with swing imbalance, ANYTHING CAN HAPPEN. *PA interpretation: The Supply zone 100.884 holding the swing low is efficient, with the market trading back to the level signals liquidity generation. The market trades back above 100.000, look to sweep the supply zone 100.884 and to push higher toward open swing supply zone 107.000. a trade back into the demand zone 98.998 and respect the level, give a clean reaction, then the bulls are ready to move the expansion, should the lower structures not allow for a deep push, a 4-hour timeframe reaction at the demand zone 99.578, to give a clear bullish order flow reaction, then look to continue bulls. *Goal perspective: The 1-hour timeframe closes above the zone holding the intraday low 99.860, will give an alert for bulls, should the 1-hour structure generate information to trade into the 4-hour demand 99.578, give a clean order flow reaction, to give bulls momentum, then the market confirms a deep push to the higher timeframe demand zone 99.998 imbalance wont be filled just yet. a closure above the supply zone on higher timeframe liquidity level 100.000 will signal a second alert, keep the hand on the pulse and follow bulls, a full closure above 100.360, now full throttle bulls, press the pulse even harder to sweep 100.884 and beyond. Patience is key, we read data not confirmation bias - allow for the structure to whisper 2. EURUSD Context: *Observation: The EURUSD generated a swing higher high on 17 September 2025, with the DXY having rejected price at the level. the EURUSD market then took out the demand zone holding the high to signal bullish exhaution. The EURUSD on 4 Novemnber 2025, took out the demand zone 1.15641 which is also a strong support liquidity level. The daily supply zone 1.15921 is already being traded into, look to continue bears to sweep the demand imbalance 1.14306 on 1 August which is a weak-hold, due to not holding any significant structure break. ANYTHING CAN HAPPEN *PA interpretation: A clear reaction at the 4-hour supply zone 1.15641, will signal failure for a deep push into the initial push imbalanced supply, and the supply zone 1.15641 is a support to resistance liquidity level, it is probable that a clean reaction at the level will signal bears, a full closure below the zone holding the high 1.15191 will alert bears entering, having provided a clean reactionary order flow to handover to bears. a full clsoure demand the demand zone, will confirm bearish takeover. *Goal perspective: The 1-hour structure is still generating information to confirm directional bias, Clean reaction of the 1-hour structure within the 4-hour supply zone 1.15641 then look to enter bears, but dont rush a press down of the pulse, a full closure below the demand zone 1.15065, put your finger harder on the pulse and cautiously enter more bears. Failure of the 1-hour demand zone 1.14894, now go full throttle bears, before failure of the demand zone on 6 November 2025 do not rush, allow the market to generate clear whispers. once a greenlight is generated look to sweep 1.14306 and beyond. 3. Risk Management & Discussion: *RR i am targeting a 1:5.5 for The first short after a clean reacation at the EURUSD supply zone 1.15641, Then scaled in trades as the directional bias is confirmed further, enter with minimum 1:3R to ensure not too tight stoploss. 4. Question for the community: * Do other institutional SMC/PA traders agree that the highest probability move is a Bullish DXY, given the right confirmations. and failure of the bulls will alert and even deeper push toward the 2008 demand imbalance 80.250?.