I remain bullish longer term on EURUSD. However, I think it has pulled back sharply so far from recent high and could be presenting a relatively low risk long entry. A break above 1.3150 would be a confirmation. Likewise a failure below the rising lower parallel of the pitchfork could call in to question of the overall trend, which might continue to range for a while.
Take note of co-related EURUSD & DXY chart I will post below
Take note of co-related EURUSD & DXY chart I will post below
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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.