im bearish on eu
if this week got a confirmation, we can sell eu for low and lower target
first target will be 1.05200
with breaking of red line short on eu
in higher timeframe we have a head and shoulder pattern (green lines )an in lower timeframe there is a trend line(red line ) , the price touch it an test it many time , i think that it will go down and complete head and shoulder pattern
i think price will go down and tuch the showing level on chart
there is a decreasing trend line and price react to it
with short stop lose go short on it
in higher time frame there is a decreasing trend line or channel
in lower timeframe price tuched the top of channel and react to it
see the chart simple
dxy on the way
i think it will up and up for few week
as you see
double bottom pattern in daily timeframe
and in lower timeframe it may make a head and shoulder
eurusd on this week
a double top on H4 timeframe
a rising flag on H1 and H4 timeframe
price will down and complete the double top pattern
after that see what will happened
then go long or short
eur usd will drop ?
in higher timeframe it touch the downtrend line
in H4 it break the rising trendline down
wait for pull back to line and then short on it