Inspired Charts

I think this pair is now at a critical price level... a good time for Euro bears to step in and drive it lower. However; if we see a break and retest of seen resistance zone, the bulls may be in for a pretty good ride. Happy Trading

We usually see price retesting these zones before a significant move, you should however avoid trading inside these zones.

We didn't see price re-testing our zone on the 1H time frame but 15mins gave a perfect re-test... cool 90pips on this one.

As the US Dollar Index heads North, it is only wise for us to scan the markets for setups supported by Dollar strength. Here are the 2 beautiful setups we saw and entered early this morning.

Last week i shared with you a chart which showed the US dollar strengthening. Not only did it bounce off that 81.29 support area giving well over 100points, but is now trading up and above trend line resistance with a new support zone created near 81.72 area. Happy Trading!

Only consider this setup if you understand conservative breakout approach. Support/Resistance level will be respected. Happy Trading!

If you didn't understand the Dollar Index setup i shared with you the last time, you should understand this $2,500 play out. But incase you are unable to relate to any of these, i urge you to check out dollar strength across board since Dollar Index broke above this trend line. Gotta love Dollar Index!

A move above today's high may trigger a big dollar rally else we see a pull back tomorrow. Happy Trading!

As you made have noticed, price broke the support trend line around 1.0298 and continue to ride lower.