CLOSED AT 1.0657 - 22 days trade is over now
Ascending triangle was broken up with target at 14200 EUR 10000 is important support now, quit if price fall below. Risk is about 1200 vs reward about 3000 = 1:2.5 Monthly chart Intelligent trades!
RSI is extremely oversold on MONTHLY. January couldn't close below 61.8% Fibonacci. Once Feb will close around 1.13 we can see possible reverse up as it will be ideal morning star with Doji. But nonetheless the trend is still bearish. Move up can only indicate correction (maybe to relax RSI) Watch 1.12/1.21 as medium term range. Intelligent trades!
"Rickshaw man" reversal candle appeared on monthly time frame right at the target of broken down Ascending triangle. Price can pullback to break point at $2.5 level. It's healthy move and technically good to watch where the pullback stalls.....then if stopped at or below triangle's support just short it! Lucky and intelligent trades - put stops!
Comparison projections between Oil WTI and DXY. Green arrow cloned from first move shows that when DXY approach 100 then Oil will be just above $20. Live and see my friends.
In 2005-2014 Symmetrical Triangle is detected (highlighted in black). It broke out above 84.50 upside. And it was very important signal. From 1985 USD index was in deep downtrend crashing from sky high at 164 level down to 70 level. Lost more than half! Now we are in my humble opinion spectating and I hope participating in new era of dollar strength. Break-out...