The institutional .50 level aligns with one the the SR lines of the 4H swing point. It is also the low of the 3th candle of the daily swing point.
Price is in the STD2 sell zone of the CBDR and it aligns with the OTE zone, around the sweet spot.
We will clear the stops resting since the NY session of last Friday and Friday's asian session low should act as resistance.
When we reach this level, the DXY should close the gap around the 86.90 level.
Take profit at the previous low around 1.2450 should be ideal for a 100 pip win. With a 30 pips stop loss this should be a nice r/r of > 3
So if the EURUSD continues to go up from here, we'll probably have a NYO reversal profile when the "trade balance" news comes out.
So I will monitor the DXY and EURUSD around the 1.2545-50 to 1.2570 level for a short.