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.



more…

READ  EURUSD is close to the Strong Resistance! for FX:EURUSD by Yuriy_Bishko