Support around the 1.8000 area has been holding up, until that is broken I am maintaining a Long bias. This move is a counter trend move, but has a tight stop and reasonable target. Expecting a break from US dollar strength, in correlation with UJ slowing down and EU possible parity level reversal.
200 moving average
key level of previous resistance
.618 FIB level
No new changes expected in the near future for the BOJ, meaning JPY weakness may continue
H4 Divergence and it is forming a shark fin on the TDI indicator. EUR/USD is near parity, which is also a key psychological level. 1.00000 is a level that hasn't been touched in 20+ years, making this a significant point of interest and possible reversal. Things to keep in keep in mind: Major German pipeline is currently under maintenance and BOE has not increased...
2 scenarios that can play out next week, depend on which levels are reached first. US30 follows very technical levels and I'm pretty confident on this analysis.
US30 LONG POSITION may set up for next Short. There is solid support near 34,000 and I believe price is reacting Bullish in response. Price is still under 200MA which signifies a downtrend in the longer run
