Such mixed signals on this pair right now it is very irritating lol.. More confirmation needed to take this pair i will keep a tough eye on this pair for a better sense of direction. Whats your view?! :)
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4 hour timeframe: under the 38.2 fib a pullback to the 61.8 / retest of the daily downtrend line is possible before going higher. Or id wait for a break or the Ctl for longs. For shorts id have to see price close back below the 61.8 + retest, & head back beneath the downtrend line again to head lower to weekly support
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very similar correlation on the Dollar index 4h: pointing to longs on this pair..
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Pointing to longs on EURUSD*
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However, if you look here price never retested the break of the strong breakout of prices 2 year consolidation period after strong bullish breakout on the weekly.
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Flag pattern breakout, upside it is :)
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first take profit hit