This may be a good short entry for E/U.
Contrary to popular belief, the DXY has not closed below 94. DXY futures predict that but the real DXY is still holding the inverted head and shoulders for a re-test. Any momentum should see the USD skyrocket and then in this case E/U would drop.
This 15 minute chart shows the break of a trendline and a double top so if it closes below the lower zone it's a good entry for a short back to at least the 1.173-1.174 area to re-test the 4-hour downtrend. Possibly a great entry for a long-term short. Tomorrow's news should let us know.
Contrary to popular belief, the DXY has not closed below 94. DXY futures predict that but the real DXY is still holding the inverted head and shoulders for a re-test. Any momentum should see the USD skyrocket and then in this case E/U would drop.
This 15 minute chart shows the break of a trendline and a double top so if it closes below the lower zone it's a good entry for a short back to at least the 1.173-1.174 area to re-test the 4-hour downtrend. Possibly a great entry for a long-term short. Tomorrow's news should let us know.