A lot of interesting movement going on with the Euro since it's downfall from $1.24 whole figure level.
On weekly we have a lot of bearish momentum and we're approaching a reversal zone. On monthly time frame $1.16 whole level could be our monthly support, but weekly is showing bearish momentum.
According to DXY the Dollar still has time to rise just a little bit more to retest $95 on monthly. $1.14040 is an interesting level as it's a psychological level.
Ideally for shorts I see nice entries between $1.17720 - $1.18200. Hoping to see these levels met by Tuesday.
More targets for the Euro this week are:
1.15880
1.15250
1.14040 (Entry zone for long opportunity)
On Monthly time frame we may be seeing a H&S formation which may take months but keep an eye out for that.
On weekly we have a lot of bearish momentum and we're approaching a reversal zone. On monthly time frame $1.16 whole level could be our monthly support, but weekly is showing bearish momentum.
According to DXY the Dollar still has time to rise just a little bit more to retest $95 on monthly. $1.14040 is an interesting level as it's a psychological level.
Ideally for shorts I see nice entries between $1.17720 - $1.18200. Hoping to see these levels met by Tuesday.
More targets for the Euro this week are:
1.15880
1.15250
1.14040 (Entry zone for long opportunity)
On Monthly time frame we may be seeing a H&S formation which may take months but keep an eye out for that.
