Here what we are looking at Referring to the DXY
(Dollar Index) We have a bearish outlook on the USD
as of the Technicals spotted on our pair, EURUSD
We can see some obvious signs of bullish run.
I'd like to see a retest of 1.1460 before continuing
to the upside towards 1.17-1.18...
Our technical outlook is as follows:
Harmonic Pattern (Gartley?)
Supply zone above in the 1.17 - 1.18 area needing to be met before
continuation of distribution on the weekly time frame. Longer term Bearish, As of now
snack trade obviously to the upside, catch the whole movement down to 1.11 and 1.08
towards our uncovered gap.
(Dollar Index) We have a bearish outlook on the USD
as of the Technicals spotted on our pair, EURUSD
We can see some obvious signs of bullish run.
I'd like to see a retest of 1.1460 before continuing
to the upside towards 1.17-1.18...
Our technical outlook is as follows:
Harmonic Pattern (Gartley?)
Supply zone above in the 1.17 - 1.18 area needing to be met before
continuation of distribution on the weekly time frame. Longer term Bearish, As of now
snack trade obviously to the upside, catch the whole movement down to 1.11 and 1.08
towards our uncovered gap.