Euro/USD analysis after 2 On-Point analysis on EUR and DXY
This is a follow-up article after two analysis of following equities: EUR/USD, DXY.
You can refer to analysis below.
EUR/USD
DXY
As previously mentioned, dollar reached early 97 while Euro bouncing from predicted 1.09853 area, reaching beyond the trend change point.
The question right now is how we can take advantage of this movement. Please take a look at the chart I have posted here. Idea behind this is simple. Wait for consolidation (instead of just hopping on train) then go profit from another leg-up. The Red Box represents major resistance where it could cause at least weekly to monthly frame consolidation for Euro.
Policy change in montary cycle is very likely and we expect to see relatively well performing Euro/Other currencies vs USD.
You can refer to analysis below.
EUR/USD
DXY
As previously mentioned, dollar reached early 97 while Euro bouncing from predicted 1.09853 area, reaching beyond the trend change point.
The question right now is how we can take advantage of this movement. Please take a look at the chart I have posted here. Idea behind this is simple. Wait for consolidation (instead of just hopping on train) then go profit from another leg-up. The Red Box represents major resistance where it could cause at least weekly to monthly frame consolidation for Euro.
Policy change in montary cycle is very likely and we expect to see relatively well performing Euro/Other currencies vs USD.