What now ? (brief update)
Now that due to the weakening of dollar as Trump is currently sick, DXY dropped below the support which was relevant to our head and shoulder set up on EURUSD
EURUSD has broken the high of the head and we are currently in a Daily Bullish engulfing pattern ( as of GMT+8 23:53 )
Although the H4 200 MA pushed the momentum back a little bit , most likely we will be ending today as a Daily Bullish engulfing pattern, and breaking the H4 200 MA sooner this week.
We have talked about a bullish set up for EURUSD in the past idea. The position has not been open yet due to the uncertainty of how the Monday daily candle will close but we shall be expecting to see a better market condition for EURUSD tomorrow as today's US trading hours has caught me off guard a little bit.
EURUSD has broken the high of the head and we are currently in a Daily Bullish engulfing pattern ( as of GMT+8 23:53 )
Although the H4 200 MA pushed the momentum back a little bit , most likely we will be ending today as a Daily Bullish engulfing pattern, and breaking the H4 200 MA sooner this week.
We have talked about a bullish set up for EURUSD in the past idea. The position has not been open yet due to the uncertainty of how the Monday daily candle will close but we shall be expecting to see a better market condition for EURUSD tomorrow as today's US trading hours has caught me off guard a little bit.
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