COULD EURUSD GO FOR ANOTHER CORRECTION
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📊 EUR-USD CHART ANALYSIS
🌼 Currently running trade, our analysis here is based on the currency correlation and wave analysis, in this chart we compared the market movement of the DXY weighed against the basket of 6 majors and EUR-USD pair on the H4 and H1 TF, on the H4 we can see the EUR is currently around the 4-weeks trend support of which we expect a trend correction before further upward movement.
💭 In attached chart you could see the trend resistance, our entry slightly below the trend resistance after the H1 Breakout and our SL situated above the resistance zone.
💚Regards
The NFX Team™️
🌼 Currently running trade, our analysis here is based on the currency correlation and wave analysis, in this chart we compared the market movement of the DXY weighed against the basket of 6 majors and EUR-USD pair on the H4 and H1 TF, on the H4 we can see the EUR is currently around the 4-weeks trend support of which we expect a trend correction before further upward movement.
💭 In attached chart you could see the trend resistance, our entry slightly below the trend resistance after the H1 Breakout and our SL situated above the resistance zone.
💚Regards
The NFX Team™️
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