US DOLLAR INDEX: Directional Viewpoint
US DOLLAR INDEX: Instead of the triangular consolidation that €/$ is tracing out the $ index seems to be following the path of a so called double zigzag (two upon each other following a-b-c corrections) and as such probably is targeting the 95/96-area...
EUR/USD: Possible Swing Trade
EUR/USD: After an initial dip the pair continued to trade higher (within wave c of the triangle).
The bullish key day reversal bar on Thursday is seen as a continuation pattern and it argues for more buying within the short term, so look for a similar price...
About Me:
I'm an independent currency trader using technical analysis and some macro data to find day trading opportunities and occasional swing trades.
I don't listen to other peoples analysis, opinions or views of the market as I find that a distraction and negative to my own decision making...