- EU has created a double top on the 4-hour timeframe.
- EU has reached monthly resistance but needs a deep pullback before it can break it.
- The DXY has created a double bottom showing signs of strength.
I predict EU will be bearish for the next few weeks, my bias is sells.
Let me know if you agree or disagree with my analysis in the comments.
- EU has reached monthly resistance but needs a deep pullback before it can break it.
- The DXY has created a double bottom showing signs of strength.
I predict EU will be bearish for the next few weeks, my bias is sells.
Let me know if you agree or disagree with my analysis in the comments.
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Please be aware that this is a swing trade opportunity, you might have to hold this trade for 1 or 2 days.