EURUSD has been trying to go through a very important resistance up above. It also found the strenght just down below where the price can't see to go under. and are suggesting the same thing. Yes the EU was on fire and was overbought and needed some time to just consilidate. I think now that this time is over and it will finally go up again. DXY is also getting back to its weak ways.
Here's what I'm thinking :
ENTRY : 1.2285
SL : 1.21973
TP : 1.27932
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.