#USDx and #EURUSD Update

USDx and EURUSD have due MACD bear divergences on the 60 min. time frames.

USDx has a MINIMUM target of 75.04 or the 61.8 fib level on the daily chart.

Similar picture is observed on the Euro. a retracement to a MINIMUM target of 1.43064 is expected most likely the neighborhood of the 61.8 fib level on the daily chart.

Therefore, once those levels are reached, we should see USD bullish short/mid term trend resume.

#USDX & #EURUSD

USDx has penetrated an important trend line that was forming a triangle consolidation pattern. As we have roughly 78% of the ADR already taken, most-likely, we will see the average daily range be completed  to the upside. Another important trend line lies above. Should be taken out sooner than later.

The same opposite is happening to the Euro as an important trend line has been penetrated thus breaking the lower side of a triangle formation.
EURUSD most-likely will see completion of its average trading range to the downside.

*** Update: However I just spotted a MACD bear divergence on the USDx that might make price perform a pullback towards the 75.48 level. this means that we might also see the EURO go above todays high.

Lets see what happens.

Regards.