EURUSD is thinking about trend reversing

By CodeNTrade

Updated

While DXY decides whether to go bullish or bearish dancing on the support line:

and EURAUD haven't found a reliable support yet:

EURUSD is looking for some support/resistance between 1.1710 - 1.1720.
But what's then?

There are no obvious signals or patterns on the chart.

Note

Very good level to sell: 1.1736
Very good level to buy: 1.1679
Those levels are valid for now.

But I would rather wait.

Note

Now this:

waiting...

Note

DXY has chosen its direction - BULLISH. At least till 95.61 - 95.73

But, we should expect some support at 94.35 - 94.21

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Because of that, we may expect some resistance between 1.1758 - 1.1764 ON EURUSD. We will get a nice Cipher pattern if that happens.
But I think, EURUSD won't be so strong, so I am expecting a resistance at 1.1724 - 1.1727.

Note

Case 1:
Sell Limit at: 1.1724
TP: 1.1640
SL: 1.1757

Case 2:
Sell Limit at: 1.1753
TP: 1.1640
SL: 1.1790

Order cancelled

Note

CodeNTrade

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