EUR.USD - Weak Dollar Providing Plenty Of Opportunity

Currency Pair: EUR.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

Live EUR.USD updates will be available in the comments section below

Kommentera:

Currently i am long GBP.USD meaning this setup would have too much exposure to the USD, however i don't now see any resistance until 1.2030 giving plenty of opportunity to the upside.

Kommentera:

A perfect retest of 1.2030 occurred.
I will now await a simple breakout of this level where i will be looking for long opportunities, or a clear reversal on multiple timeframes to take this pair short.