short AUDUSD on head shoulder pattern forming in descending channel- graph self explanatory recent positive news on US/China trade deal in the past few days failed to retest previous head high so looking for a descent lower
Simple trade- support line from November that has been tested on multiple occasions coming back into play at these levels. Additionally pair looking oversold on short term basis post better than expected US GDP data. Looking for a retest of 1350 area into mid March
EUR failing to break 1.14 on EURUSD again taking it lower on that pair and likewise failing to breach high from early February. More poor growth data out of Europe with sub 50 Manufacturing PMI data. Pair also running out steam at top end of RSI range
Looking for close above 97.15 area to confirm DXY dollar index is going to break higher after forming double bottom since start of the year. If close above is confirmed then looking to target Dec highs around 97.66 area. Should it pull back and close below 97.00 we make look to short USD and USD pairs Dollar is currently having its best continued daily run in...