LONG EURUSD!Really liking EUR longs next week, previous EU short got stopped and sentiment for last week was very bullish Imo. Not long term thats for sure. But, for targets shown on chart above. I am liking it. DXY on 4h works too. SERIOUS exhaustion and we are coming for the 4th test on the 4h TL and weakness is showing.
I won't lie. DXY could easily fake out as its been doing all year. But, I am just going playing the sentiment game here and I think EU wants to go a bit higher before it crashes again.
I have annotated my buy levels and listed where EUR must stay for sentiment to stay bullish. Very vital, because. If EUR goes below 1.13620. Then I wouldn't really want to buy.
The dotted Tl across which has a circle on it, Is a master 4h TL and we can see the previous failed and few days later we closed above. Going to be an interesting week for sure, lets see how it plays!
Dxybear
DXY price is approaching near to the six year long uptrend lineDXY Weekly
Price is nearing a very important price point 88, after breaking the massive symmetrical in 2014, it never had a pullback near to the triangle except for last year's fall which is ongoing. Pre-break out of the symmetrical triangle a well respected uptrend line was formed in 2011. After more than three and half years price is finally coming to re-test this six-year long uptrend line, massive Fib confluence, support and uptrend line converge around 88. Break of this area will leave a potential to retest the triangle @80 and if the uptrendline is respected then a potential move towards @110. If price fail to hold the traingle then the equal move down from 2002 will break DXY to 54 range (Damn). Mind you long term chart of this is bearish and this fall (From 2017)is after perfect retest of 61.8% retracement of 2002 high.