DXY 8hour chart EURUSD bulls get ready to buy low
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🔸Hello traders, let's review the 8 hour chart for DXY the US dollar index today.
Noteworthy sequence of lower highs and lower lows, bears maintain control in this
market. currently bounce in progress, target is 102.80 then we should resume
the downtrend sequence.
🔸Previously well-defined swings and lower lows indicate that we are still in a
strong downtrend until at least 99.00/98.00. upside limited/capped near 102.80.
at the same time we got a pullback in EURUSD, however overall uptrend in EURUSD
is still intact, therefore bulls should focus on buying swing lows soon.
🔸Recommended strategy for EURUSD bulls: wait for DXY to max out / complete
the bounce near 102.80 and enter BUY trades (translates to EURUSD near 0920).
DXY new projected swing is 102.80 high into 99.00/98.00 low.
Therefore conservative TP EURUSD bulls is 1360/1420). good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Noteworthy sequence of lower highs and lower lows, bears maintain control in this
market. currently bounce in progress, target is 102.80 then we should resume
the downtrend sequence.
🔸Previously well-defined swings and lower lows indicate that we are still in a
strong downtrend until at least 99.00/98.00. upside limited/capped near 102.80.
at the same time we got a pullback in EURUSD, however overall uptrend in EURUSD
is still intact, therefore bulls should focus on buying swing lows soon.
🔸Recommended strategy for EURUSD bulls: wait for DXY to max out / complete
the bounce near 102.80 and enter BUY trades (translates to EURUSD near 0920).
DXY new projected swing is 102.80 high into 99.00/98.00 low.
Therefore conservative TP EURUSD bulls is 1360/1420). good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Nota
eurusd strategic bullish outlook 1500/1600
Nota
eurusd 4hours best level buy/hold tp 1450 swing trade
Nota
traders. please wait for DXY to complete the pullback near 102.80.before buying eurusd.
Nota
gbpnzd h1 best level to buy/hold tp +300 pips
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