Hi traders, i expect some short term buy on dxy and that should push EU lower. As you see price broke out of ascending channel and is now struggling and lossing buy momentum. So its very likely to see retest of trendline like i shown, i think that price will move in corrective waves to the downside and retest 1.20000, so short term sell is expected there. Watch lower time frame for possible corrections and cofirmations to enter sells. I will post below higher time frame picture, check it bellow! Good luck
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As you see we are in the big daily expanded flat pattern, which for me looks finnished, but inside that flat in spoted possible runing flat, and i want to see price to break previus top at 1.25500 and possible retest of 0.618 fib
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price is pushing lower
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Watch price for possible retest of this trendline. I expect price to bounce from that spot, but it can even push lower so i will be watching there to take off my sells
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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.