chartwatchers
Long

EurUsd - Dollar weakness

FX:EURUSD   Euro / U.S. Dollar
1270 3 49
If the US Dollar Index             is short the EurUsd             is long.
I'm looking forward to see the same story as in the US Dollar Index             . The EurUsd             should tag 1.15 during the following 2 weeks and even - as we are early in this daily cycle - the marginal break of the previous highs is not impossible.
So don't be surprised if we print the daily cycle high not at 1.15 but at 1.16 or 1.17....

The minimum we will tag in the following 2-3 weeks is 1.15.

We have a double bottom with the testback. RSI is heading to overbought. MACD has a long way to run it seems cannot crossover now.
Comment: Heading to the daily cycle high.
snapshot
Comment: Closing half of the position.
Its hit 1.15, if it breaks this lvl, what's a good target to aim for in your opinion?
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True, if the USDX is heading down its only common sense to go long on EURUSD, again as long as other factors are in our line of sight to. Thank you Sir
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should i enter now long on eur/usd? Mr. Chart
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