1. EURUSD is still riding on the bullish trend. It faces a resistance at 1.19223 since July 20. This accumulation phase will soon be over when it breaks out of the resistance level.
2. DXY has to break out of 93.26 to signal that EURUSD bullish trend is over. I doubt it will. This will be a 3rd rejection at the bearish trend line.
You can go to the smaller time frame to find bullish signal for EURUSD and go long else wait for the breakout to happen first.
Never take a trade if you are not sure.
2. DXY has to break out of 93.26 to signal that EURUSD bullish trend is over. I doubt it will. This will be a 3rd rejection at the bearish trend line.
You can go to the smaller time frame to find bullish signal for EURUSD and go long else wait for the breakout to happen first.
Never take a trade if you are not sure.
