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!
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Nice move today!
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And this thing keeps going!