After multiple weeks in a downtrend, EURUSD is finally showing signs of life.
1. The Schema Band is showing a very positive turn for the first time since July 26
2. CDV Momentum is up without much volume, so lots of room to run.
3. DMI FLEX has not expanded and flexed, so again there should be room to run.
EURUSD 1.1000 appears to be an achievable target.
1. The Schema Band is showing a very positive turn for the first time since July 26
2. CDV Momentum is up without much volume, so lots of room to run.
3. DMI FLEX has not expanded and flexed, so again there should be room to run.
EURUSD 1.1000 appears to be an achievable target.
Comment:
Stopped out on my momentum trade. Bigger pattern is down, so even the bullish case needs to patiently be awaiting this retest pattern to be complete.