EURUSD…WHAT NOW?

EURUSD…WHAT NOW?

EUR/USD OANDA:EURUSD


If we look to the DXY             idea we expect USD weakness. The DXY             is made up of 58% EURO             . Which is why there’s a heavy correlation between the Index and the currency pair.
If we expect USD weakness we must expect EURUSD             to move higher, price is currently sitting at the key support much like the DXY             sitting at the $95.00 resistance level . If price holds at this key level of 1.1600 price could see further upside into the key resistance of 1.2040. A break below will cement the USD strength moving forward.
Seasonally through July the USD usually sees weakness strengthening our idea for a retracement for the USD and EURUSD             prices moving higher.