I currently believe that EUR/USD will retrace back up to around 1.086-1.087 and after will be our huge market shifts.
Watching the DXY, I can see that there's not much buying power at this current time, I'm waiting on price to test 104.144 again to validate my beliefs. Once price starts to fall down to 104.144 I'm hoping to see it try to test 104.091 and that will solidify my bullish bias.
However if price rejects 104.144 again there may be a stronger push back upwards, bringing EUR/USD down possibly dragging to 1.081 and further.
Price has currently been in a downtrend for some time, so both predictions are 50/50, however I am on the side of the bulls..
Please give any advice, concerns, or ideas (this is my first post)
The DXY has appeared to be melting... Proving to me that EU is bullish until the next retracement zone marked above