EUR/USD is still consolidating between 1.1620 bullish confirmation level and 1.1430 bearish level.
Italy's failure to deliver 2019 spending budget pressure the EUR.
DXY is strengthening clocking 95.90 high, in a bullish trend.
A close below 1.1430 H4 or Daily candle increases selloff waves targeting 1.1390 - 1.1330 78.6% fib level and potentially 1.1250 with ABC complete pattern.
The alternative scenario, due to mix market signals between EU, Brexit and Italy's PM's speech today could flip bearish intraday to bullish and potentially daily bullish depending on price level breaking.
At the moment, I suggest bearish momentum as bearish H4 grabbers demonstrate on the chart.
Entry levels: 1.1490 - 1.1520 - 1.1600
TP: 1.1430 - 1.1390 - 1.1250+
SP: 1.1635 due to market volatility.
Italy's failure to deliver 2019 spending budget pressure the EUR.
DXY is strengthening clocking 95.90 high, in a bullish trend.
A close below 1.1430 H4 or Daily candle increases selloff waves targeting 1.1390 - 1.1330 78.6% fib level and potentially 1.1250 with ABC complete pattern.
The alternative scenario, due to mix market signals between EU, Brexit and Italy's PM's speech today could flip bearish intraday to bullish and potentially daily bullish depending on price level breaking.
At the moment, I suggest bearish momentum as bearish H4 grabbers demonstrate on the chart.
Entry levels: 1.1490 - 1.1520 - 1.1600
TP: 1.1430 - 1.1390 - 1.1250+
SP: 1.1635 due to market volatility.