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Euro / U.S. Dollar
Long

Sellers, time is up...

By Profound_Ambition
Updated
Price broke back above head & shoulders neckline, & broke out of downtrend channel.. Failed to break daily support & the bulls have kicked back in. Dollar broke its uptrend line (DXY) & is pointing to the downside.. Important inflation news on USD tomorrow something to watch, these next news events will determine if there will be a rate hike next month still or not.. Looking to go long on the retest!
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snapshot If price closes below support & under bearish flag on the daily the dollar may be heading down again
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DXY & EURUSD are very correlated. DXY breaking out of bearish flag & EURUSD breaking out of bullish flag..
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snapshot EU 4H Update:
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could bounce off that pink line or still retrace to H&S Neckline
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snapshot bounce it is :)
breakouteuroEURUSDheadonshouldersParallel ChannelretestSupply ZoneSupport and ResistanceswinghighTrend AnalysisTrend LinesDJ FXCM Index
Profound_Ambition

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