As the dollar index has finally started correcting today I have entered a long trade on EUR/USD. The dollar's move down could have been partially due to Donald Trump's tweet on the sanctions on Iran and any countries supporting it. There has been a strong move up on EUR/USD on the daily chart after the Monday's candle has closed as a doji. Zooming in on 1 hour chart the pair has broken above the 52 bar high signalling entry. It is currently above 100 EMA and the 20 EMA has already crossed the 50 EMA signalling the change of trend. I would soon expect a strong bullish move to happen.
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