EURUSD

Possible breakout - retest and Fib level targets.

DXY Looking flat and could fall through its current trend support.

The sentiment is showing 64% retail short; suggesting the price could increase.

COT Data - DXY 12k Long and 13.1K Short
Euro - 48.4K - 79.9K - However, bigger institutional money is favouring 318k Long and 105k short. Suggesting longer-term Bullish movement.

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Trade closed: target reached