myownforexguru

EURUSD Forecast May 10th, 2018

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD Forex Chart Review and Forecast
DXY did not climb higher yesterday and broke through support and have come down to 62 % Fib which coincides with a bullish order block. We expect to see DXY climb higher today and aim for 93.82; however, there is a short-term liquidity pool resting at 92.60 area and we may see a spike down to this area to pick up the liquidity pool. EURUSD did not drop further yesterday and bounced up on the EQ line to 1.8813 (50 % Fib), we believe that EURUSD 0might climb a bit higher up before dropping because of a short-term liquidity pool that is resting at 1.19053 which is right at 70.5 % Fib which we call the sweet spot for entries.

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