Eu seems to be moving in a ladder step overall I believe Eu is a bull in the long term run at 1.18 depending on how it reacts expect a bigger move either to the upside or a strong support formed on the weekly. Please follow if you agree
EU is still on a downward trend looking at the movement from the weekly
Notice how GU have 2 daily bull candle then the rest bear important pattern to be aware of
EU is bearish on the daily but on the monthly from April to May it took like an uptrend. On the 4 hours which I mainly trade on the ichomoku shows that it is bearish for this week maybe a small pullback by 30 - 50 pip then a big drop for the week.
Yellow line resistance Purple like is short Gu is on a down trend If it break current purple line expect further down trend I will update as we go below
Ichomoku candle show that GU is getting ready to bounce back unless it break the 122000 support I suggest going long now on GU
Ichomoku candle shows that oil fail to touch the white or yellow line on the rise so I expect a continuous pattern
DXY currently loosing strength however with more pumping of the dollar to come expect the second week of the month to be interesting
DXY is to be bullish this week with NFP in place
news from Johnson positive new year message which will affect GBP pair next week Johnson to meet EU leader in London for a positive statement about negotiating a deal If price goes above the yellow line in the 144 price that is a sign of a strong bullish movement if price goes below the the yellow line at the 141 price that is a sign of a continuous decline in GBP
Done some deep analysis and noticed that EURUSD usually remain at the down trend from October to December