EURUSD Daily Analysis
W - Bearish, price has been in a very long term consolidation and has made a double top at the top of the zone
D - Bearish, lower lows and lower highs, price has been loosing momentum as it approaches the major support
4 - Bearish, lower lows lower highs, price is in a very deep retracement
1 - Neutral, price broke the last minor high, but is at a resistance
DXY - Neutral, possible fake out above the major resistance, close above the area but immediately after a rejection formed so we will see if it is more then a retracement
scalping entries -
the next S&R area near is the 1.176 area, play this neutral if it breaks above I will enter on the retest to go up to 1.18 and if it rejects below I will enter going to 1.17
D - Bearish, lower lows and lower highs, price has been loosing momentum as it approaches the major support
4 - Bearish, lower lows lower highs, price is in a very deep retracement
1 - Neutral, price broke the last minor high, but is at a resistance
DXY - Neutral, possible fake out above the major resistance, close above the area but immediately after a rejection formed so we will see if it is more then a retracement
scalping entries -
the next S&R area near is the 1.176 area, play this neutral if it breaks above I will enter on the retest to go up to 1.18 and if it rejects below I will enter going to 1.17
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