HELLO TRADERS
Before we talk about EURUSD lets first take a look at the dollar index DXY
DXY was strongly bullish yesterday and currently testing resistance @ 105.8,
after such a strong bull run we expect correction to the previous support lower @ 104.75
and as we know bearish dollar ( DXY ) indicates bullish EURUSD
(see chart below)
Now back to EURUSD
EURUSD was strongly bearish yesterday and tested 1.0533
we will currently be monitoring price action at this level for
any signs of continuation higher to target the previous resistance @ 1.069
BREAK BELOW 1.05 WILL INVALIDATE THIS IDEA
IF YOU FIND THIS ANALYSIS VALUABLE BOOST TO REACH MORE TRADERS
PEACE OUT
Before we talk about EURUSD lets first take a look at the dollar index DXY
DXY was strongly bullish yesterday and currently testing resistance @ 105.8,
after such a strong bull run we expect correction to the previous support lower @ 104.75
and as we know bearish dollar ( DXY ) indicates bullish EURUSD
(see chart below)
EURUSD was strongly bearish yesterday and tested 1.0533
we will currently be monitoring price action at this level for
any signs of continuation higher to target the previous resistance @ 1.069
BREAK BELOW 1.05 WILL INVALIDATE THIS IDEA
IF YOU FIND THIS ANALYSIS VALUABLE BOOST TO REACH MORE TRADERS
PEACE OUT
Trade attivo:
active and running 40 pips so far
Trade chiuso: obiettivo raggiunto
