Dollar still weaker at this point, with a very larger resistance at the top.
One more down, by shorting the Dollar is far better idea with a very good risk reward ratio.
Besides a greater trade is waiting at the bottom with bullish Dollar completing the 5th leg of 5-wave move.
EUR_NZD: With bullish engulfing candle arise from the bottom, there is a possibility for Euro to rise up to the top of resistance level.
A flag pattern is now on the way, so definitely the Euro could still go one more up to the resistance level.
A lot of possible formations could be seen along the way, with ABCD and head and shoulders patterns can be created.
Pound broke the support level, now become resistance.
Before it could go up, a sell pull back right at the support level is right idea.
Daily Timeframe analysis shows that GBP_JPY is still on leg4.
This week is a very good trade as there is a two trade set-up for GBP_JPY.
One is short trade and another which is bigger move buy trade going up.