EURUSD Daily Analysis
W - Neutral, price is at the major support
D - Neutral, Price is at the support and is slowing momentum, very overextended
4 - Neutral, strong bearish momentum, very over extended
1 - Neutral, price has just barely touched the level and printed a rejection candle, very overextended
DXY - Neutral, price is at the major resistance, very overextended and is slowing momentum as it approaches
Scalping entries -
I expect price will retrace a bit before testing the level again, I put alerts on the high and low of the 5 minute because I would like to see a retracement and ride it up; however, price can keep going and break the level, then retest.
I am still looking for the break and retest. stay neutral.
D - Neutral, Price is at the support and is slowing momentum, very overextended
4 - Neutral, strong bearish momentum, very over extended
1 - Neutral, price has just barely touched the level and printed a rejection candle, very overextended
DXY - Neutral, price is at the major resistance, very overextended and is slowing momentum as it approaches
Scalping entries -
I expect price will retrace a bit before testing the level again, I put alerts on the high and low of the 5 minute because I would like to see a retracement and ride it up; however, price can keep going and break the level, then retest.
I am still looking for the break and retest. stay neutral.
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