Euro / Dollar Américain
Short

EURUSD October Forecast

125
On the large scale, The overall Trend is still Bearish.

However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY;
https://www.tradingview.com/chart/DXY/Do0FGmgj-USD-Strength-DXY-Forecast/
Thus, I will expecting a retracement towards the area around level 1.16500:

Confluences at level 1.16500:
  • Previous Flip Zone (Red)
  • Fib Golden Zone (50%-61.8%) (Gold)
  • Test of long-term trendline
  • Half Level 1.16500


Entry Criteria:
  • Break and retest of counter-trendline (Red)
  • Retest of golden zone (Gold)
  • Retest of Flip Zone (Red)
  • Retest of Half Level 1.16500
  • Bearish Structure
  • Bearish candlesticks
  • Moving Average Crossover
  • DXY shows strength on a retest of supports


Note: It is also possible for price to continue lower from a break and retest of level 1.16000

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