EUR/USD might be finally ready to come down after a long bullish uptrend.
Fundamentally we cant be too sure what the Dollar Index is going to do (DXY)
Based on Price Action we are ready for a retracement and the charts are also givin us signs for at least a temporary Dollar strength.
Pay close attention to the DXY, the Dollar can turn weak at any given time....
EUR/JPY is in a tough spot right now on the daily, we dont see a clear indication for either long or short.
It tapped the Weekly liquidity, but that might have not been enough (Daily also still in a bullish trend)
EUR/JPY shows signs of weakness though, so we might see a Daily Trend reversal for this week, hence the trade for Traders with bigger risk appetite: Short.
GBP/USD looking like it may come down after a long rally together with the DXY.
Pay close attention to what the DXY is doing as confluence if you really want to short GBP/USD.
Fundamental, DXY may continues its downtrend, Price Action wise we see a high probability of a recovery week.
GBP/JPY cleared the Daily liquidity level and made a friday reversal.
After an extended move to the upside on GJ we can now assume that we are going down for at least a week, together with a recovery on the DXY.
Fundamentally its tough to say if the DXY is going to recover this week, but thats what I am looking for anyways, till it proves me wrong (which can...
