EURUSD showing weakness in early Oceania trade in NZ Monday.
https://www.tradingview.com/x/N1hRYHiq/
An hour into trading of the New Zealand Oceania & Asian session, the week opener, EURUSD is already showing weakness. I see a good short trade here across the Asian session and possibly running into European & New York session.
On the flip-side, there is also weakness in the USD, see my recent chart on USDX. However, I don't see this real weakness playing out in the USD until mid-week or perhaps Tuesday. USDX is under it's moving averages on the daily timeframe, last Thursday it retreated harshly following a bullish Heads 'n' Shoulders pattern on the 1HR chart.
Cheers,
Chris
An hour into trading of the New Zealand Oceania & Asian session, the week opener, EURUSD is already showing weakness. I see a good short trade here across the Asian session and possibly running into European & New York session.
On the flip-side, there is also weakness in the USD, see my recent chart on USDX. However, I don't see this real weakness playing out in the USD until mid-week or perhaps Tuesday. USDX is under it's moving averages on the daily timeframe, last Thursday it retreated harshly following a bullish Heads 'n' Shoulders pattern on the 1HR chart.
Cheers,
Chris
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