Let's see whether the 8MA area will act like a solid support or not. Personally, I expect the EURUSD pair to rise to at least its May highs. Let's see.
2x 0.78 retracements, 1x above 0.50, Euro should probably push further up to at least 1.17. Dollar will probably fall later in July if the Fed doesn't raise interest rates. Who knows. Just a thought.
there's a hammer forming on AUDUSD... if we are not at reversal point, soon we shall be
Yesterday Goldman Sachs said it was bullish on the Dollar. Are they already too late? A beautiful Evening Star is forming on the daily. I am short EURODOLLAR, I have buy stops placed. Be careful, the dollar is tricky...
I put on a short position on AU today, as I don't believe there is much more room to go upside.
Many RSI divergences, time for a retrace on Monday/Tuesday.