EURUSD on 4 Hour

Price is currently in a key demand zone looking left, where a large movement to the upside took place to push price higher.

Price is back in that zone again, and is currently squeezing in a falling triangle reversal pattern at at key level zone. Above this key region here I am anticipating for buyers to build up momentum to push price out of the triangle pattern to the upside towards the zones above.

Note

Vice versa, this is the US Dollar Index on the Daily Timeframe: Price is currently stalling at a key area of resistance looking left, currently forming a DOJI bearish reversal candlestick at a key zone on the higher timeframe. Another confluence that USD may weaken, giving the DXY a chance to form a higher low down into the support zone below.

Ordre annulé

Price failed to pick up momentum and break the triangle to the upside. Setup invalidated

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