Here we have a bullish move expected as long as the dollar index remains bullish too. On the weekly we have a falling channel that seems to be broken in the next few weeks, We shall then be looking for buys after the break.
Looks bearish and price seems to be in a bearish flag pattern and has even tested the flag's resistance. Look for sells.
Selling with stops above 1.8300 with first target at daily channel support.
Anticipating buys anytime from now, from this channel support.
The test of trendline support offers buying opportunities since this could be a continuation of a trend that begun early April 2020. My first target is 1.4000, but I believe the pair will move higher.
SELLERS ARE STILL MAKING SURE THIS RETRACEMENT HAPPENS.
WARNING!!! BAD RR (0.6) As much as the risk to reward is not favorable, this trade is a good trade.
The dollar index has been bullish recently and looks so strong. I wouldn't double these are the first signs of Biden's wonderful work that we expect to bring change. Although we need not forget that the main trend for the dollar index has been bearish and that doesn't seem to change anytime soon. For now, we can sell short term positions given that we expect a...