Now we have had the FOMC event which everyone was looking to have the details of Tapering or not, has proved somewhat disappointing to many but anticipated in my DXY chart posted prior to the event
So now, DXY appear to have breached the rising support. Any pull back could be for USD and for EUR.
Not entirely sure of my EW counts, but possibly seem to agree with other technical features, such as Cup& Handle which could soon confirm, Also sequence of higher highs & higher lows within broadly up trending channel and above rising 200 day MA. Taking it all together, I think we are on course for at least possible shown in pink which projects to 1.44 area but could hit 1.145-1.47 area as many stop are likely to trigger around there.
So for now every reasonable pull back should offer long entry opportunity.
This would also support stronger price action of EURUSD. in DXY Shorter term chart, you can see what I mean based on my analysis and EW countshttps://www.