Last 2 days this pair gained more than 220 pips.

eurusd-d

We broke 1.1200 today. We should wait for a retrace back to 1.1200 level and then look for buy signals on lower time frames like 1h or 15 and 5m. When trading EURUSD pair, it is suggested that we also check USD index chart. This chart is inversely correlated with EURUSD pair.

index

That is why USD index chart is falling for the last 2 days. Today it rejected 12000 and printed nice bearish candle. On clean USD index chart, I marked my level of interest.

When trading USD index chart only, we could expect lower prices in future days, which would mean higher prices on EURUSD.

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