EURUSD Downside Play as Dollar Index Trends Higher

See Signposts for key price action details.

ECB does look to prevent the euro from appreciating
Price fails to push higher highs as downside pressure still present
My plan would involve making a flip if DXY signal changes or either support level shows further indication of holding

Note

Note: Ideas published represent my viewpoints on anticipated structural directional moves. I do not post trade parameters (i.e. entry, take profit, stop loss, alternative exit points, etc.) as actual execution may differ from the respective trade idea published. My trades evolve around my expectancy with certain planned R-multiple and win rate. Use as your own discretion.

Note

Selling pressure seems to be holding on the H1 time frame:

DXY failing to make new lows. It attempts to breach higher:

FinancialGamblR

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FinancialGamblR

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