Still in need of a confirmation in turn around of the current dollar trend but strong key levels being tested around this level on EURUSD
Top of near term parallel channel. 5th wave = 1st wave here. RSI divergence on multiple time frames which usually occurs on the 5th wave.
DXY also testing key support areas
30 min chart
Careful of a short squeeze to pop us higher
- 0.5 fib retrace off 2014-2017 decline
- Long term key pivoting level for EURUSD around ~1.215 (June 2010 + July 2012)
Top of near term parallel channel. 5th wave = 1st wave here. RSI divergence on multiple time frames which usually occurs on the 5th wave.
DXY also testing key support areas
30 min chart
Careful of a short squeeze to pop us higher