EURUSD Daily Analysis
W - Bullish, price has been in a very long uptrend and has formed a double top, and is at the neckline.
D - Bearish, lower lows and lower highs, however price is at a very major resistance.
4 - Bearish, price made a very strong retracement after the support, I will be looking to see if this is the start of a reversal.
1 - Bullish, price has found minor support at 1.1733
DXY - Neutral, price closed above the high but then fell hard. price is still in a bullish trend but the choppiness is difficult to determine if the break was more then a fake out
Scalping entries -
price has rejected 5 times off of the minor support at 1.1733 If another rejection candle is printed I will enter a long to the 1.176 area. if price breaks below on the retest I will enter a short going to 1.17 area.
D - Bearish, lower lows and lower highs, however price is at a very major resistance.
4 - Bearish, price made a very strong retracement after the support, I will be looking to see if this is the start of a reversal.
1 - Bullish, price has found minor support at 1.1733
DXY - Neutral, price closed above the high but then fell hard. price is still in a bullish trend but the choppiness is difficult to determine if the break was more then a fake out
Scalping entries -
price has rejected 5 times off of the minor support at 1.1733 If another rejection candle is printed I will enter a long to the 1.176 area. if price breaks below on the retest I will enter a short going to 1.17 area.
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