Long $EURUSD into major support levels

EURUSD counter trade could be upon us very soon back to the 50 DMA. This seems like a capitulation move into support. DXY is showing very similar.

I am looking at the 50 BBs support after a large expansion, as well as the midline of the parallel channel formed for 2020.

Yorum:

This seems like a pretty standard correction. Again if the below area holds (along with the Weekly ATR Stop) I believe the target will be a backtest of the 50 DMA.

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DXY shows similar setup (as expected)

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First target approaches here. Final target remains the 50 DMA backtest.

İşlem kapandı: hedefe ulaştı:

Trade complete on D ATR Stop Backtest + 50 DMA 👍🏻