Structural market movements at its finest!
Updated
EURUSD has been my ultimate favorite pair to monitor and trade for the past several weeks. As illustrated on the chart, the impulsive - correction structural move on this pair, coupled with the fundamental side of the equation with a bullish ECB talking about ending the QE and a retracing DXY has attracted a lot of traders to this pair. I will be monitoring this pair and this week's close, looking for a strong weekly close above the weekly structure. That will open the room for the upside on Euro. Having said that, DXY is getting close to a maji\or support area. Will sit tight and watch the price action. Cheers!
Note
Nice move today!Note
And this thing keeps going!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.