Euro / U.S. Dollar

Short

A breakdown in the Euro is imminent

Updated

Daily structure has enough supply to take the Euro down at least 2% from here.

snapshot

1.10 handle is next. I expect the breakdown this week, maybe today.

Note

Possible we get one more test into the 1.13 handle in the form of an advanced pattern.

snapshot

A *daily* close above 1.1370 invalidates the pattern.

Note

DXY (US Dollar) closed on the 1hr chart.

snapshot

Note

Based on this target range in DXY, the next level is 1.1155 in Euro.

US Dollar (DXY) is still moving up in a staircase like fashion

Note

This is turning into bullish price action.

snapshot

Note

still short..

Trade closed: stop reached

on reversal above red.

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