If we see a candlestick confirmation or reversal at P level then will take a short trade and ride it out to an inital tp 1 at S1, however if price breaks the pivot and we see a nice retest confirmation I will look for longs to ride out untill R1. I think there is a lot of moving room downwards for DXY which could also affect EURUSD and gives a higher probability...
Raw price action, expecting a further drop on the dollar.
Price broke and retested support, On the weekly chart price was reacting at 200MA Support and then broke through, 50ma pointing down