EURUSD Swing idea
Taking into consideration that DXY index is bearish fundamentally and technically, And since EURUSD is heavily correlated with DXY inversely which means we are bullish on Euro.
Technically :
Euro was in correction for the last week or so, But this changed yesterday and extra confirmations landed today on the charts and fundamentally.
We touched the weekly FVG and changed the trend direction after that leaving FVG in the discount zone and it present an ideal area to go long targeting old highs at least.
Now expecting the price to correct toward the entry zone to take off again.
I will update here once we reach entry to look for more confirmations in lower time frames.
Technically :
Euro was in correction for the last week or so, But this changed yesterday and extra confirmations landed today on the charts and fundamentally.
We touched the weekly FVG and changed the trend direction after that leaving FVG in the discount zone and it present an ideal area to go long targeting old highs at least.
Now expecting the price to correct toward the entry zone to take off again.
I will update here once we reach entry to look for more confirmations in lower time frames.
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