DXY reacted off resistance with a good break down and a jump to .618 with good sellers there. (breakout and re-test) Also seems to be an A B C pattern to 89.45.
Will go long on EUR at current price 1.2313 seeing some good price action (nice Wick at support) Will look to take half profits around 1.2370/50. and SL is below the recent swing low 1.2280 area. (below a good pin bar) Also MACD crossed over and pointing upwards on 240 chart.
A little aggressive, but for a conservative play i would look for a break of the trend channel on the 1hr to go long.
Feel free to let me know if you see issues with this analysis.
Will go long on EUR at current price 1.2313 seeing some good price action (nice Wick at support) Will look to take half profits around 1.2370/50. and SL is below the recent swing low 1.2280 area. (below a good pin bar) Also MACD crossed over and pointing upwards on 240 chart.
A little aggressive, but for a conservative play i would look for a break of the trend channel on the 1hr to go long.
Feel free to let me know if you see issues with this analysis.
Comment:
Changing T1 to 1.2490