Not sure, but currently DXY is very close to a level which seems like a neckline ..around 99.11-99.20. But current level may be a bit stubborn to break (check the RSI). A sustained break will only confirm a possible H&S pattern formation, with target towards 94.80. If this happens, then targets for EUR can be towards 1.10+. And can influence other major...
unless it exits around 1.0708/1.0700 or from higher lows
Immediate resistance: 68.15 Extreme resistance: 69.13 Immediate Support: 67.33 Extreme Support: 67.00
Seems a 'Double Bottom' / 'W’ Pattern in Nifty Daily
GBP/USD: Sell here at around 1.2415, TP1 1.2335, TP2 1.2250, SL 1.2450 (extreme 1.2498) Or Buy above 1.2450, SL at 1.2420, TP1.2520 :)
a Buy here for Technicals and considering Pre-Budget wherein Railways & Infra will be in focus :)
here 68.37/40 seems a key resistance, and can provide a stop for short trade towards 68/67.95
Triangle support at current levels....will be rangy btwn 1.11+ to 1.0426 within triangle. A breakout suggests more pain for EUR in long term.
if yes, then a barrier-break bullish tone in Brent can be seen
generally this triangle is bullish. So a break of 1.26 - 1.2620+ will be watched
a break of 1.2475-80, can be bearish for the pair - a move towards 1.2360. Else if it respects rising wedge, then back to 1.2550+ possible.
V pattern being formed
break of 1.1063 can be bearish towards 1.0968 break of 1.1108 can be bullish towards 1.1141 and beyond
mid-range correction range as seen in the chart
- A break from immediate support arnd 66.33-35 and 66.25 (purple bottom line in triangle), can make Rupee bullish. - And Immediate resistance of 66.92-98, can elevate USD towards 67.07/67.22/67.45 (which will incidentally be a 3rd top). Presently has been in this Narrow range of 66.66/66.35 to 66.90/67.07 for almost a month
EURUSD Possible 2-way trades: Buy at around 1.1125, TP 1.1170, SL 1.1105 Sell at around 1.1105/08, TP 1.1070, SL 1.1124 CMP 1.1115