DXY is extremely week at the moment but we are coming up to a strong resistance zone (DXY and EURUSD correlate).
Coincidently the DXY support zone lines up with the EURUSD resistance zone. I do believe EURUSD will hit 1.24 and consolidate between 1.24-22 before a push towards 1.25-26 before a reversal and the beginning of a down trend. This is a long term trade target but it is just to give an overall bias. I will provide more precise set ups through out the movements.
But for now the trend is your friend.
Coincidently the DXY support zone lines up with the EURUSD resistance zone. I do believe EURUSD will hit 1.24 and consolidate between 1.24-22 before a push towards 1.25-26 before a reversal and the beginning of a down trend. This is a long term trade target but it is just to give an overall bias. I will provide more precise set ups through out the movements.
But for now the trend is your friend.
