While DXY decides whether to go bullish or bearish dancing on the support line:
![[LR] DXY's decision](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
and EURAUD haven't found a reliable support yet:
EURUSD is looking for some support/resistance between 1.1710 - 1.1720.
But what's then?
There are no obvious signals or patterns on the chart.
![[LR] DXY's decision](https://s3.tradingview.com/7/7kOqapQj_big.png)
![[LR] Risk/Reward Ratio: 5.4 - EUR/AUD](https://s3.tradingview.com/m/mL6PYsDl_big.png)
EURUSD is looking for some support/resistance between 1.1710 - 1.1720.
But what's then?
There are no obvious signals or patterns on the chart.
Comment:
Now this:
waiting...
waiting...
Comment:
DXY has chosen its direction - BULLISH. At least till 95.61 - 95.73
But, we should expect some support at 94.35 - 94.21
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Because of that, we may expect some resistance between 1.1758 - 1.1764 ON EURUSD. We will get a nice Cipher pattern if that happens.
But I think, EURUSD won't be so strong, so I am expecting a resistance at 1.1724 - 1.1727.
But, we should expect some support at 94.35 - 94.21
---
Because of that, we may expect some resistance between 1.1758 - 1.1764 ON EURUSD. We will get a nice Cipher pattern if that happens.
But I think, EURUSD won't be so strong, so I am expecting a resistance at 1.1724 - 1.1727.
Comment:
Case 1:
Sell Limit at: 1.1724
TP: 1.1640
SL: 1.1757
Case 2:
Sell Limit at: 1.1753
TP: 1.1640
SL: 1.1790
Sell Limit at: 1.1724
TP: 1.1640
SL: 1.1757
Case 2:
Sell Limit at: 1.1753
TP: 1.1640
SL: 1.1790
Order cancelled
Comment:
Next:
Very good level to buy: 1.1679
Those levels are valid for now.
But I would rather wait.