Bullish Bias on EURUSD
Buy EURUSD at LH in 1HTF
It is testing supply zone second time at next high it will break down
+DMI above 25 and ADX above 25 => showing strength of bullish trend
50 SMA acting as support
1 Hour TF => there is a break of structure
DXY is making LH and LL in 1HTF and ADX is below 25 showing weakness in the bullish trend that it had since EUR is 57% of basket it is highly negative correlated
It is testing supply zone second time at next high it will break down
+DMI above 25 and ADX above 25 => showing strength of bullish trend
50 SMA acting as support
1 Hour TF => there is a break of structure
DXY is making LH and LL in 1HTF and ADX is below 25 showing weakness in the bullish trend that it had since EUR is 57% of basket it is highly negative correlated
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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.