EURUSD is going to make a reversal on this bullish weekly setup. You may look that the main trend is short, so there could be a correction to 1,0700-10 area and then a downward acceleration firstly to 1,0650 and then to 1,0620.
As you can see on the green area, all the lows over 1,03 and under 1,0550 were bought on a weekly timeframe. So, there is also a Macro environment favorable to a stronger Euro that lead EURUSD to higher prices. The next target form those levels are
RATE HIKE EVENT: Discounted by the market
USD is on its highs so it's discounting this event.
DYNAMICS: EURUSD down on Rate Hike as a first effect on the market. Then we will see an acceleration to higher levels from 1,0590 area to 1,0690 and over 1,07.
This movement it's lead by the breakout of overnight levels. The setup is long for the morning and there are 2 target area: the first in on the highs of the latest 1hr candle, the other one is the area 1,0735
Dax is going to face 10500 until the end of this week, probably during the first part of it. The bearish movement could begin from 10700. The Equity is extremely short from this levels and with this weekly pattern