I'm still into Dollar strength (this doesn't mean I long Dollar). A double bottom looks like it's forming on DXY Daily chart. If EURUSD bounce off resistance of Pitchfork as well as ascending trendline on RSI 14, price could potentially head down quite a lot. 25th of January is a day to watch when ECB holds their press conference.
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Will we get to see a successful bounce on Pitchfork resistance? I believe so.. Soon we'll see.
Euro shouldn't be at its current price, that's what I feel. Too high...
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Shorted
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Bounces off a couple of times. The more times it tests and fails to break, the stronger it is. Remember... "Buy the rumour, sell the facts." 25th January 2018, we'll see a reversal on EUR/USD.
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Forgotten to update on this pair. I have exited the previous trade long ago. Shorted this pair yesterday and is currently in 55 pips. Will be holding the trade over the weekend
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Long-term outlook:
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Current short trade going extremely well. You can trail your stop