EU daily chart short setup 8/10/2016
look for short possibly @ 1.12350
Confluence stack
1) top of the channel
2) continuation of the downtrend
3) R1 pivot
4) candle stick formation? (still in process)
5) Bearish bias overview
6) looming brexit
I think DXY will bounce off the trend line and it will go up. Because DXY and EUR/USD is highly correlated, I think in the next few weeks, EUR/USD will go down. Thoughts?