MY THOUGHTS: ======================================================================================= > EMA on the WEEKLY are converging; > Top trend line has confluence with the EMAs; > Strong horizontal resistance has confluence with the 2 points above; > Note the RSI and its target area as well; > I'm expecting the USD (index) to go higher, as the post below refers to the target; > I expect it to hold as a retest and then as per chart below; Inverted BARR strategy; > If you notice, the target for the USD (going up) should be synchronized to this EUR target as below; Similarly, the rejetion of the DXY\USD should be in sync with the EUR going up.
Hence I would expect a strong bounce at this shaded area; 1.132 - 1.142 - 1.145