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Special point in the EUR/USD market - D.Ness
EURUSD
, 480
EURUSD: Special point in the EUR/USD market - D.Ness

Alright friends, we are at the 8Hour/Daily swing high with a strong 1H reversal on the TVC:DXY favoring a Strong Dollar ! I'm watching the 1.06 level, I have closed all longs and will re-enter on a Strong EUR if price action dictates that, as for now I'm seeing a reversal favoring a Strong Dollar. If this is the case, I see us going to our trend line. Then we...

EUR/USD
EURUSD
, 480
EURUSD: EUR/USD

As you can see we are at a trend line of the weekly and at a swing point on the daily. We are at a point when the market is going to choose where its going. I will be watching the strength of the dollar as it will tell the future of this pair. I am currently favoring a return to the bottom of the daily, if trend line breaks I will look for a retest of this trend...

EUR/USD - Short Up Coming
EURUSD
, 60
EURUSD: EUR/USD - Short Up Coming

As you can see, we created a beautiful head and shoulders pattern, followed buy a bullish wedge. Target around 1.054/1.06 for long sell. Remind you that head and shoulders pattern prevail 80% of the time. I am currently long to targets from 1.046 and will reverse at the 1.054/1.06 levels for a swing trade off the 8 hour. In addition I bought the right shoulder...

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