EURUSD Long Position
EU nicely correlates with a DXY (previous analysis). After some consolidation we have strong move to the upside. This move seems to me a bit overextended so I don´t expect
a pullback to the (now) support level but I expect creating of a HL and then another bullish pressure to the resistance level. Bollinger Bands tell us that EU is going long. Why ? Description in the chart 👍. Also EMAs are telling us the same scenario
a pullback to the (now) support level but I expect creating of a HL and then another bullish pressure to the resistance level. Bollinger Bands tell us that EU is going long. Why ? Description in the chart 👍. Also EMAs are telling us the same scenario
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