Price broke back above head & shoulders neckline, & broke out of downtrend channel.. Failed to break daily support & the bulls have kicked back in. Dollar broke its uptrend line (DXY) & is pointing to the downside.. Important inflation news on USD tomorrow something to watch, these next news events will determine if there will be a rate hike next month still or not.. Looking to go long on the retest!
Note
DXY & EURUSD are very correlated. DXY breaking out of bearish flag & EURUSD breaking out of bullish flag..Note
could bounce off that pink line or still retrace to H&S NecklineDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.