EURUSD is moving in a strong bullish channel from last few months and yesterday it went to 1.235 level and then get to 1.230 level, now currently EURUSD pair is trading at 1.23285 level. If we see the weekly time frame of EURUSD pair, this gets already to the weekly top at 1.2356, and this is its weekly resistance. And another thing on h4 time frame EURUSD has touched the trend line, now it will probably get down and will taste 1.2277 level. So I will be suggesting short term sell, for the target 1.227, with stop loss 1.2366.
We need to be very careful while trading USDX related pairs, because the situation is America is getting worse I heard that opposition attacked on the White House.
So, this will have bad impression on the economy. That’s why selling EURUSD needs more cautionary measure.