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Colour key: Blue = monthly, Pink = weekly, Grey = daily/4h/1h
If you look on the monthly, EU is on an uptrend. DXY will also help send EU upwards if it breaks 91.800. Anyway, as you can see, i've marked out some supply and demand (S&D) zones from the monthly and weekly timeframe, as well as some key levels. I think we may see a small correction from this monthly S&D zone, but i see price heading up, my long term target represented by the arrow. I'll be even more sure of price shooting up once it breaks and holds above 1.19090.
Updates to follow, follow me to see them.
Colour key: Blue = monthly, Pink = weekly, Grey = daily/4h/1h
If you look on the monthly, EU is on an uptrend. DXY will also help send EU upwards if it breaks 91.800. Anyway, as you can see, i've marked out some supply and demand (S&D) zones from the monthly and weekly timeframe, as well as some key levels. I think we may see a small correction from this monthly S&D zone, but i see price heading up, my long term target represented by the arrow. I'll be even more sure of price shooting up once it breaks and holds above 1.19090.
Updates to follow, follow me to see them.
Trade active:
Price has come down to the bottom support levels, but respected them. Trade still active
Trade closed: stop reached:
Setup invalidated