EURUSD - WEEK 7
EURUSD - ANALYSIS
EURUSD is also within a choppy range and needs a real breakout. EURUSD is a mirror of DXY and is stable and respects price action well. The red dash line is a huge trendline which looks to have had a textbook bounce from. Would this bounce had been at one of the lower trading lines then I would have entered a long but doing so now I would need a large stop loss.
DXY has control over EURUSD and right now I will not be entering a trade until we see some real direction rather just than the constant range.
EURUSD is also within a choppy range and needs a real breakout. EURUSD is a mirror of DXY and is stable and respects price action well. The red dash line is a huge trendline which looks to have had a textbook bounce from. Would this bounce had been at one of the lower trading lines then I would have entered a long but doing so now I would need a large stop loss.
DXY has control over EURUSD and right now I will not be entering a trade until we see some real direction rather just than the constant range.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.