EURUSD Important Levels & Patterns - Can Fall Further

Traders, As expected DXY has picked up strength and as EURUSD is the biggest part of DXY its impact will show up in EURO. The price has been declining and it is reached an important level right now. A M FCP Pattern is completing hhere. This can push the price up from here. But a lower level is much better for a buy. Ultimately EURUSD can fall to pre pandemic level where it left a gap. Gap may tale years to fill so that is just an extra thing on our analysis. But the main reason the completion of bigger M pattern.

This can and will affect DXY and other asset classes too. Please remember that this is higher time frame plan so it may take weeks or if the market conditions change, it may not even work out.

Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Kommentera:

Another Gap being targeted. Moving nicely to the important level: