Gentle downtrend, before retracing up?
I think going off an EWT analysis of the 5 & 15 minutes chart of the DXY; it's the start of the 5th wave going up. So this is a pretty short term idea.
EURUSD is resisting a lot, but it's going to gradually go downwards probably over the next 2 to 3 hours? After that we'll see a retracement upwards, probably not as sharp as the last few days, but it'll go up enough for a long position!
For now, let's do a short! We'll see how it goes, I suppose!
EURUSD is resisting a lot, but it's going to gradually go downwards probably over the next 2 to 3 hours? After that we'll see a retracement upwards, probably not as sharp as the last few days, but it'll go up enough for a long position!
For now, let's do a short! We'll see how it goes, I suppose!
Comment:
15 minute chart looking pretty good :)
As we head into the week of the 18th, I think the EUR will retrace upwards steadily in a similar gradient.