bullish order blocked formed on 4h time frame on 23rh may, 2023. price until hold 102.80 suspect bearish, if breach then may suspect more down. demand zone 103, sl 102.70, target: 104.30
Demand zone for long 100.80-40. 14th April daily key reversal bar indication for strength ahead. Price in range between descending triangle. if breaks down demand level then possible for 0.9330.
Long term USD/EUR idea.
Cycles are up for the dollar until June, but are down again after that until end of the year.
It will be volitility and that will creat opportunity.
I play FXE often when trading the EURO, and i trade inversely correlated instruments to the dollar to trade aginst it.
Example Dollar goes up, gold goes down or Gold goes up dollar goes down....
USD Dollar index tested trendline support areas 108.15 which is 13th September low. Demand zone area for long 108.15-107.50. stop loss: 107.30, targt: 112.30.
