JayT

JayT

Seems like the trend is still bullish as the USDollar index is weakening on the 1day time frame. I am expecting for the EURO to blow past the previous intermediate high of 1.12152. Hopefully price will reach the previous mitigation block at 1.1260.

JayT

Price shows a downtrend given the 1day time frame. I am expecting for price to drop down to the 70.9-79% Fib before a reversal. I drew a long term Fib based on the lowest low to the highest high. I am also expecting for price to drop below the previous low before we see the smart money reversal. This goes in conjunction with the strength in the USDollar Index....