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The trade has been shared at our live trade room at www.abalgorithm.com
We do not see a major bottom in on DXY. Very little evidence of a clear bottom on DXY. The majpr fall from 92 to 90 has been arrested. We normally do not call a bottom till it goes above the 50 moving average on 4h. In this case its green line. Therefore, we see no major signs of a floor. www.abalgorithm.com
EURJPY Long at 135.65 Target 136.5 Stop 135. Max risk 2%. www.abalgorithm.com
EURNZD is feeding off NZD weakness and EUR bullishness. Stay long... Next target 1.6990 Target2: 1.72 Stop 1.6750, Max to risk: 2% of capital