Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
-Structure LH´s and LL´s -ABCD in play -Overall uptrend if we look at the weekly chart -Arrows show what could happen I see this big move to the down as a major retracement for the weekly chart.
Read chart/ Personally i would wait for a indecision candle before entering this trade and enter it if sellers are able to make a new low after the indecision candle because that would mean that sellers taking control of price.
-ABCD IN PLAY -HEADING DOWN TO MAJOR 1.0960 SUPPORT AREA / 0.61% Level -HEADING TO SUPPORT TREND LINE AT THE 1.0960 AREA But be careful with this trade, wait for a confirmation (Price Action) before entering this trade, because the dollar index is showing a different story on what could happen to EUR/USD.
-EU uptrend -ABCD in play -Price looking like it´s being rejected from 1.1150 -Sitting on 0.61 fibo Personally i would wait for the second candle for a confirmation because high impact news is coming
EUR/USD looks like it can go either up or down if it breaks the trendlines, so i guess patience is the key word for eu at the moment.
My first Analysis: I think price will bounce of 1.05800 Major Trend Support line and then rally to 1.06300 Resistance line.