EUR/USD played out exactly as expected however, Mr. Market, although the futures are indicating a small gap down as i type, is largely dismissing this move lower in the EUR/higher in the dollar. therefore, unless the EUR/USD bounces very hard off my target, which is a possibility as the EUR is quite oversold in the very short-term, then the market will be forced to play a painful game of catch-up very soon. keep in mind that my DXY/$USD daily chart is the bigger picture and supersedes this 30 min chart as far a swing trading goes. the intraday charts like this 30 minute are more useful for day-trading or to confirm anticipated turns off key daily support or resistance levels, as i used this 30 min EUR/USD bear-flag to confirm the bounce of the dollar off that lower trendline on my DXY daily chart. i can not over-emphasize the importance in using multiple time frame to confirm entries and exits off trades. nothing is ever guaranteed in trading but the more confirmations that line up with a buy or sell signal, the greater the odds are of the trade being successful. 30 min charts in order as posted:
