We have been bullish since the beginning of Q1 into Q2 and price I running towards a significant resistance zone.
Ideally, coupled with bullish anticipation in the dollar, we should see a massive decline in EURUSD and foreign currencies.
Since we are expecting a bullish dollar, then foreign currencies should fall...hence my bearish stance on the EURUSD. Current price action is also suggesting lower prices on foreign currencies.
We saw price drop down into a weekly support level and immediately there was a rejection to the upside. Price is forming a pattern known as AMD. We should see the distribution leg very soon to the upside.
GBPUSD has an smt divergence with EURUSD. This shows smart money accumulation in this pair. We should see higher pricing to refill the H4 inbalance(FVG) and also retest the H4 breaker before we see and witness lower prices. We want to see this before the shorts
