EURUSD Daily Analysis

40
W - Bullish, price has been in a very long uptrend and has formed a double top, and is at the neckline.
D - Bearish, lower lows and lower highs, however price is at a very major resistance.
4 - Bearish, price made a very strong retracement after the support, I will be looking to see if this is the start of a reversal.
1 - Bullish, price has found minor support at 1.1733

DXY - Neutral, price closed above the high but then fell hard. price is still in a bullish trend but the choppiness is difficult to determine if the break was more then a fake out

Scalping entries -
price has rejected 5 times off of the minor support at 1.1733 If another rejection candle is printed I will enter a long to the 1.176 area. if price breaks below on the retest I will enter a short going to 1.17 area.

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.