We are bullish short term this pair as we wait to see how price reacts to the previous high on the 4hr TF.
Buy the daily close above 125.000 150 pips to book here
Price closed below key support. Expect a bearish trend.
I expect price to move south, given that the bearish trend is still intact.
Price closed above a good level for trading. Now we wait to see how this plays out. My target is at 1.20800 which is 180 pips above.
FOREX MONKS The dollar index is clearly bearish, given how price has been forming lower lows and lower highs. For now, we see price busy testing key support at 92.1410. A break below that level (Which i highly expect, will push price lower to areas around 90.9200. As long as our lower high around 94.632 is intact, we are bearish. For education and more charts,...
Bullish with the idea tht the dollar index is expected to fall as much as we had a bounce on the previous day from support. Bullish price action makes much sense from this level.