EurUsd - The end of panic selling

FX:EURUSD   Euro / U.S. Dollar
1404 4 27
I know a lot of traders are waiting for the break of 1.05 and 1.045 and later a parity in EurUsd             .
So far we are just bouncing from the multi month trendline and printed a daily swing.
If I'M waiting for DXY             to break down and top in the megaphone top I should be waiting for EurUsd             to print a bottom and rally towards 1.100.
TSI is crossing over (Notice TSI is turning up from super oversold levels like 2015. March)
RSI is turning up and leaving overbought

Today we have a daily swing and the swing was not erased. We printed a steep decline with 6 days of panic selling and today we bounced from the multi month trendline .
This is a low risk long entry with a stop below yesterday's low (1.0550)

cycle guys cant get this right at all
@chartwatchers Bro, It broke down. What next?
+2 Reply
I will TP by 1.0850, bullish Butterfly
It's actually a trendline from the beginning of the milennium :)
+4 Reply
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