Euro rejected at 1.22400 last week with a very bearish close, this comes in confluence with the bullish close of the DXY. This week we will likely see a continuation to the downside taking downside liquidity. The first area is 1.20200 in an area of demand where price could revert. However, if we close below the key monthly level of 1.20100 then we will be...
We are playing back within Euros H4 range, we are currently at the range high. A rejection at the range high would be favourable for a short position. However, if we see bullish price action above the range high, a long will be on the table
Dxy has shown a long set up, we could be bullish this week or at least the first half of this week. The target is low made by the month of march. As long as the invalidation level isn't breached we could see lower prices on the xxx/usd majors such as Eurusd
EUROUSD has hit key level and round number resistance at 1.09700. I will be waiting for a break or bounce, if we break above our key level the target would be this months high. However if we reject at this key level and do not find support at 1.09160 then ideally we can look for a rejection to fill in inefficient price action 1.08600