If( Price break 0.87500 support) then go SHORT else Return(Wait )
There is No doubts that its buyers Zone( If price remains above 0.87500 ) but for going to higher level there will be more Retests on this level
Next possible TP 0.88800
Price reached to the critical zone, dont take position at this moment, watch price reaction to the fibo 38 levels and TEMA 200
dxy lost uptrend support line(black), Now its time to watch its reaction to the down trend line if it lose that battle (fibo 50)% we shall see EURUSD on 1.1 and GBPUSD on 1.3. But There's still a chance of Zigzag movement in to that Triangle
first Check Related Ideas for longer time frame. I expect price goes to 1.296 and then to the 1.30 (psychological level) momentum of #dxy is still weak, Validation : price must be remain above 1.29
"You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes." Remember: all I'm offering is the truth. MATRIX
As you can see There is a strong Resistance on Fibo 61.80 (1.28500) and also the historical thick red line (1.29000) , If Price break them strongly, I expect price goes up to 1.30000 and higher levels, even 1.34000 it is possible in compare of weak performance of dxy during past weeks on the other scenario price will fall down on the regression triangle...