I am expecting a bullish continuation on this pair as far as DXY continues weakness.
The same goes to USDCHF following the weakness on DXY.
A short correction to be followed by bullish continuation.
With the weakness of DXY, expect more bearish movement on this pair.
With the weakness of USD, expect a bullish reversal on this pair within the corrective structure.
Price is within a corrective structure....expect price to get to 2548 range from where to look for bullish setup
All indications point to a sell on this pair. There is a possibility of retest of the top before proper sell is resumed but best to look for sell setup.
I am expecting some weakness on the USD after the three wave correction ABC.
Long term setup on EURUSD. Bullish continuation pattern within the corrective structure
Sell Continuation of the pullback. Overall trend is Bullish. Take profits early. and follow the trade setup.
The overall direction is bullish. This is a counter trend trade so be careful and take profits early.
DXY - Flag Setup...We have a Bullish Continuation Pattern on DXY suggesting upcoming strengths on USD related pairs.
We have a flag setup forming on Dollar Index to complete the structure on the higher timeframe which will most likely be a 3 wave (ZigZag) formation suggesting strength on the DXY then later weakness.
Dollar Index - Expect a little pullback. This is a counter trend trade. The overall trend has turned bullish based on the structure on the higher timeframe
Price is forming an ending diagonal structure for the expected strengths on dollar Index DXY.
Price just formed an Ending Diagonal and should sell-off from CMP
Overall trade idea is bearish. Check the dollar Index chart
I am expecting a pullback for wave B of the higher degree.