I am a bull on US Dollar and will be looking for a sell opportunity. Before I sell this pair I will confirm USD strength by using the USDOLLAR chart. At the moment the USDOLLAR H4 chart is in the oversold zone and at support.

EURUSD - Daily

Market (55 above 21) is flat. Price (8 above 5) is flat. Stochastic is flat. Price is ranging. Resistance at 1.065/MPP and support at 1.05/MS1.

EURUSD - H4

Market (55 above 21) is flat. Price (5 above 8) is bullish. Stochastic is just below overbought but looks like it has run out of steam and less bull are in the market. Price has come off WM1, the bear profit zone and as per pivot point theory will return to WPP. I am looking for a sell at resistance 1.06/WPP/61.8 Fib. If price breaks through that level, I will be looking at 1.065/WM3/MPP as the next level of resistance.

EURUSD - H1

Market (21 above 55) is flat. Price (5/8) is flat. Stochastic is flat but slightly pointing up. As per my H4 chart, I will wait for price to find resistance at 1.06/DR1/WPP before looking for a sell opportunity on the M1 chart. If that resistance level fails, I will look at the next resistance level DR2 and then 1.065/WM3/MPP.

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