DXY dollar weakness? And potential EURUSD setup for this week
Hi, As you can see, I put into the charts also DXY daily chart, because my bias for this week ahead is weakening of US dollar.
DXY rejected next touch of resistance trendline a is back at the place, where DXY was consolidating for a looong time.
Nice pin bar rejection on resistance with huge wick is trying to tell us sellers will be in this week.
As a confluence for my EURUSD setup, I'm awaiting break of trendline, because now we approaching third touch of trendline
and potential next Lower High. I will be in this trade if EURUSD will succesfuly break this trendline. Aiming for 1.14000+ areas based
on previous major support on H4 timeframe. Dollar weakness should help a lot.
Thanks for viewing and support guys, Good luck to everyone.
DXY rejected next touch of resistance trendline a is back at the place, where DXY was consolidating for a looong time.
Nice pin bar rejection on resistance with huge wick is trying to tell us sellers will be in this week.
As a confluence for my EURUSD setup, I'm awaiting break of trendline, because now we approaching third touch of trendline
and potential next Lower High. I will be in this trade if EURUSD will succesfuly break this trendline. Aiming for 1.14000+ areas based
on previous major support on H4 timeframe. Dollar weakness should help a lot.
Thanks for viewing and support guys, Good luck to everyone.
Trade active:
Comment:
Still holding previous structure
Comment:
Still bullish bias
Trade closed: target reached:
Absolutely to the T