Ascending channel continuation

198
Price is still ranging inside the ascending channel, there is still room for some bullish movement until 1.0930 which I believe could be a nice place to short aiming to 1.07.
That area 1.07 should be a good support to try to go long aiming 1.10 or even 1.11

Taking a look at the bigger picture I think EURUSD is in a crucial moment, in the coming weeks we could see a change of a major trend for the coming years, so 1.11 could be an important pivot point as well as a entry to short for the long term:
snapshot

Taking a look at the big picture of the dollar, we can find similarities that could support this idea, price is also in a descending channel, there is room for some temporary upside move, but there is definitely more room to go lower and find support at 99-100 levels.
snapshot

If idea get validated and by mid February we see EURUSD at 1.11 and DXY at 99, I think this would be a crucial date, and could mean a reversal point not only for these 2 instruments but also for markets in general.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.