EU daily chart short setup 8/10/2016 look for short possibly @ 1.12350 Confluence stack 1) top of the channel 2) continuation of the downtrend 3) R1 pivot 4) candle stick formation? (still in process) 5) Bearish bias overview 6) looming brexit
I think DXY will bounce off the trend line and it will go up. Because DXY and EUR/USD is highly correlated, I think in the next few weeks, EUR/USD will go down. Thoughts?