Turning point for the USD ? Watch for bullish reversals.
Updated
Hi everyone:
Similar like my DXY outlook of the overall USD price action, we can expect the move to be very similar on EURUSD in the up coming days.
What we are seeing here is a nice HTF bullish structure now with few swing highs and lows to give us a bullish bias point of view.
LTF development is showing us a sign of a bullish reversal price action.
A nice falling wedge/descending structure is hitting close to a down bottoms, and a LTF impulsively break up.
Now, all we need now is a bullish continuation correction to develop
and that will give us the last confirmation for the buy potential to the previous swing highs.
Thank you
Similar like my DXY outlook of the overall USD price action, we can expect the move to be very similar on EURUSD in the up coming days.
What we are seeing here is a nice HTF bullish structure now with few swing highs and lows to give us a bullish bias point of view.
LTF development is showing us a sign of a bullish reversal price action.
A nice falling wedge/descending structure is hitting close to a down bottoms, and a LTF impulsively break up.
Now, all we need now is a bullish continuation correction to develop
and that will give us the last confirmation for the buy potential to the previous swing highs.
Thank you
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