Daily Dollar Analysis - is the Dollar long & Euro Short?

OK price has broken out of the top of the 7 week corrective structure and it should continue long. Can it pull back from here? Yes it can do whatever it wants but we'll see it coming and change the forecast accordingly. For now things look long and you should be using your trading strategy to ensure you protect your profits and give yourself an opportunity to gain from further long moves. If things change I'll let you know via the usual social media routes.

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This is not investment advice.
Steve Nixon
Trainer & Mentor

Comment:

Nice move up on the dollar and on the right a 15 min chart EURUSD Both look like they will continue in the forecast direction.