EUR/USD seems undecided right now, but you should know that the perspective remains bearish. Price could drop much deeper in the upcoming period if it will stabilize below the broken dynamic support lines. It should drop further as the USDX seems determined to jump much higher in the upcoming period.

The pair approaches a very strong dynamic support, so it remains to see what will really happen because this obstacle could stop the bearish movement and could send the rate higher again.

USDX has finally managed to jump above the upper median line (uml) of the major descending pitchfork and now it is somehow expected to climb towards the inside sliding line (sl1) of the ascending pitchfork, where it could find a very strong resistance. However, it could decrease a little and could test and retest the UML and the upside 50% Fibonacci line before will resume the upside movement.  The perspective will remain bullish as long as the rate stays above the UML and above the 50% line and the median line (ml).

A further increase will force the USD to increase much more versus all its rivals, while a significant decrease will ruin the dollar.

Price has managed to pass below the lower median lines (LML, lml) and now is heading towards the outside sliding line (sl) of the descending pitchfork, which represents a very strong dynamic support. Only a valid breakdown will signal a further drop and the next downside target will be at the 150% Fibonacci line.

It is very important to see how it will react when it will hit the sliding parallel line (sl) because a false breakdown or a failure to reach it will send the rate higher again, but maybe only for a temporary drop because the rate is somehow expected to register a larger drop in the upcoming period.