#EURUSD Hover over the channel :) Trade what you see, not what you guess!
#DXY US Dollar is moving within an ascending channel. The point is to confirm any further upward movements after touching the key support level.
As the price retraced from the supporting trend line, the long position can be the choice.
As price is close to the key support level, the long position would be nice decision if final confirmation is on. need to see nice pinbar or bullish engulfing candle.
Guys, I think the chart is enough clear and no need more explanation. However, keep in mind to enter at the right time in order to catch on the overbought area. Please let me know if any comment.
Guys, EURUSD is on downtrend, however, the nice retracement is expected as the price is going to touch a key support level. Reasonable correction to the 38.2 % of fib is expected in following days. FX:EURUSD
EUR/USD Based on the Elliot wave analysis, the expectation on the EUR/USD will be long for following days. In addition, reasonable Risk/Reward ratio can be assigned as the retracement may occurs till 38.2% of fib.