No. I would still be long EU if I were a higher timeframe trader, and target 1.25. Wait for a bullish trigger on the weekly & then long it. Right now, the level is there, but no trigger to long it.
Maybe the next week, we will have something. Maybe we even pullback to 1.12, but it does not change the point, DXY is in a downtrend since Jan 2025.
Isolate the last Trump term & see.
Nov - Dec 16, election news, EU drop.
From Jan 17 - major EU uptrend.
Now compare it to this term, very similar.
And then compare it to the Biden term
Nov - Dec 20, Biden election news, EU up.
From Jan 21 - major EU downtrend.
These look like policy cycles. I don't see EU going down before 1.25.