A little interaction with the neckline, which is to be expected. Also expecting another low and then a retest of the neckline ahead. We've gone precisely nowhere since the U.S. market open, so hopefully something exciting happens this afternoon. I added another dollar contract here, so I'm sitting on five of them now.
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| EUR/USD Hourly |
The Dollar Index has a nice bull flag look to it, and we're still looking for the fifth wave up. No sign of a divergence on the last high, though this sideways action is setting up the next price high to be divergent with momentum.
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| Dollar Index Hourly |