Long on EUR/USD?
First of all, Happy New Year to everyone.
After a retracement that started on 28 December, EUR/USD seems ready to start its ascent again.
On the chart the interesting area is around 1.08830, which corresponds to the 0.618 Fibonacci level and a dynamic support that started in November (although I don't like dynamic supports).
What convinces me most, however, is the dollar. On the daily I still see it bearish, and before imagining a more decisive change of direction I think it will test the area around 100, the psychological threshold and July minimum.
Going down on the hourly, the dollar seems to me ready to fall again after a brief correction.
After a retracement that started on 28 December, EUR/USD seems ready to start its ascent again.
On the chart the interesting area is around 1.08830, which corresponds to the 0.618 Fibonacci level and a dynamic support that started in November (although I don't like dynamic supports).
What convinces me most, however, is the dollar. On the daily I still see it bearish, and before imagining a more decisive change of direction I think it will test the area around 100, the psychological threshold and July minimum.
Going down on the hourly, the dollar seems to me ready to fall again after a brief correction.
We started dancing 👀
we keep following