EURUSD Finally reached weekly pivot, gonna take out the previous wick for liquidity, now we finally will get some proper direction hopefully. We might have the 4h gap to fill first though before moving higher so I'm not gonna jump in a buy just yet. Watch the reaction
EURUSD no clear direction today so far. A lot of liquidity grab on both side. I'm still on the sideline, still aiming for the short at 1.086ish lvl. We have the daily pivot being respected so far today but the weekly is below at 1.0807 so I wouldn't be surprised if we were to take the last 4h low from last week before moving back up either. Good luck and don't get chopped up!
Here is our in-depth view and update on EURUSD Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels.
Alright first, let’s take a step back and take a look at EURUSD from a bigger perspective.
After making such a huge upside move, we are expecting EURUSD to have some sort of a correction or a pullback to the downside. After that we got a sell off on EURUSD and just today we hit the 50% correction level at around 1.08442. After failing to break to the upside we can expect more sells to be in play. Any breaks to the downside from the current price will confirm this. Although DXY is not as strong at the moment, it still is a global reserve currency. We seen that in play last week when we saw massive upside on XAUUSD and on DXY . We must understand that investors are also pouring their money into DXY as it is a global reserve currency. I still personally believe DXY holds more strength against EXY hence why I am still looking to short the pair.
Scenario 1: SELLS from current price
With the instant sell, we are risking a possible pullback and continuations to the upside however, DXY is looking like it will reverse. Failing to break to the upside can also be taken as a confirmation for potential sells.
Scenario 2: BUYS at the break of the Key Level (around 1.085)
With the break to the upside, we can expect more buys to come in play possibly targeting previous highs on EURUSD at around 1.09444.
KEY NOTES
- DXY possible reversal to the upside.
- Breaks above the KL and to the upside would confirm higher highs.
- EURUSD has completed the 50% correction to the upside.
EURUSD Finally reached weekly pivot, gonna take out the previous wick for liquidity, now we finally will get some proper direction hopefully. 
