Double top DXY, another confirmation for going short on Dollar.
Head and shoulders pattern formed on H4 Dollar index (DXY) chart, first we might see a neck line testing and then a drop to level 91. That level was last time seen around April 2018 which might make EUR/USD go to 1.20.
The trend line hasn't been pierced so it was just a testing, it's time for a buy position. Keep in mind the risk management!
Looking from daily time frame there is enough momentum to become bullish if it passes the Fibonacci line. It needs confirmation.
We shall see when NFP comes if the analyse is good..
Technically on the chart this is what I see but the direction will be determined by Italian election, ECB interest rate and NFP.
