EURUSD - Looks like a bottom

FX:EURUSD   欧元/美元
179 0
Reasoning behind the short dollar trade is in the linked chart below.

The weekly chart looks like it's shaping a bottom; I might be subjective, I rarely trade in the direction of a breakout.

The daily chart has one of the best patterns I use for timing in a trade - Friday-Monday momentum lost. On Friday, the picture was very negative for the Euro , and very positive for the Dollar. Traders went home, thought over the weekend, and on Monday, despite any news, decided to cover Euro shorts/close Dollar longs. This is a typical pattern before a main even, last time it happened on EURUSD was on 16/03/2015, 2 days before the famous word 'patient' was dropped from the FOMC statement. The result was a rally of over 10%.

I am building a short Dollar position, with a soft stop, as always. In order to get bearish on EURUSD , I would have to see a massive close below this multi year support area around 1.05.
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