EUR/USD Long

Long EUR/USD. The dollar index is pulling back today and gives a better entry into the euro long trade, but ultimately the down trend is still in tact for the dollar and euro uptrend is still in tact. My take profit is 1.25 and stop loss 1.17. Sentiment is further backing my long trade as retail throughout is heavily short the EUR/USD pair.

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I do see the dollar DXY strengthening over the next few days and possibly into next week. I will be scalping long dollar until a short opportunity presents itself. The longer term bearish dollar DXY view is still in tact.

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I have added long EURUSD with DXY weakness and fully expect this pair to keep rising to the 1.30 level and higher throughout the year.

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JUpAway

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JUpAway

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