Ajish_A
Short

EURUSD Sell

FX:EURUSD   Euro / U.S. Dollar
H+S pattern on shorter 1hr TF with scope for a valid short set up should the pair close below the neckline + FIB zone identified. DXY seems to have retested off 4hr TL as shown on graph and a break above around 97.6 may confirm this.

Confluences: DXY upward momentum, H+S , 1.12 psycho zone.

Alternatively: Trade tensions and release of more information affecting the trade war between US and China can shake markets and potentially cause a bigger drop in DXY . Should this happen alternative upside targets (UT) have been identified on the chart.

DXY:


Trade closed manually
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