EURUSD Daily Analysis
W - Neutral, price is at the neckline of the double top
D - Neutral, price is at the major support and is slowing momentum
4 - Bearish. price has broken the last low and is looking very over extended
1 - Bearish. Price is finding support at 1.1709
DXY - Neutral. Price is at the major resistance and is slowing momentum as it approaches.
Scalping entries -
price has made a new high on the lower time frames, I will be looking to enter a bullish position. the next resistance that I could see some trouble at is 1.1725, if price breaks this level I will put my TP at the last high which is the 1.76 area
D - Neutral, price is at the major support and is slowing momentum
4 - Bearish. price has broken the last low and is looking very over extended
1 - Bearish. Price is finding support at 1.1709
DXY - Neutral. Price is at the major resistance and is slowing momentum as it approaches.
Scalping entries -
price has made a new high on the lower time frames, I will be looking to enter a bullish position. the next resistance that I could see some trouble at is 1.1725, if price breaks this level I will put my TP at the last high which is the 1.76 area
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