As you can see on 4H we are ready for final leg up before going much lower. 0.786 fib extension is possible target.
If you scroll back ant look at weekly perspective, you would see huge channel down. All 3 times we touched the upper channel trend line, we fell of a cliff. I don't see why it shouldn't happen 4th.
Dollar index should go a bit lower before strengthening again. (96.78-80 strong resistance)
Longs could be opened here with tight SL. Although perfect setup could be to open short at 1.13650-750 and wait for a big fall all the way to 1.10-08.
EURUSD
If you scroll back ant look at weekly perspective, you would see huge channel down. All 3 times we touched the upper channel trend line, we fell of a cliff. I don't see why it shouldn't happen 4th.
Dollar index should go a bit lower before strengthening again. (96.78-80 strong resistance)
Longs could be opened here with tight SL. Although perfect setup could be to open short at 1.13650-750 and wait for a big fall all the way to 1.10-08.
EURUSD