Currency breakdown for the week ahead

Hello guys this is a new week so I will be wishing everyone a successful week in all your endeavors. It’s gonna be a busy/crazy week for me as I will go back into looking at currency trading(Forex Trading) and steeming as usual lol. The forex market opens every Sunday at 10pm GMT where traders from different parts of the world are involved in the market in order to lock in profits. Sadly for some of them it doesn’t fit in to their expectation as the see losses for the week, but I wish every forex trader who is following me or yet to see this post a successful trading week.
Here is a few currency pairs I will be focusing on for the week ahead which I have carriedout top down analysis on them.
•Eurusd(Eurodollar)

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Here is the daily timeframe of Eurusd. Price dropped to 1.2250 area where traders will look to determine the next trend on the pair. Eurusd was trading at 1.24000 as a key area of resistance so price declined from that level to 1.2250 pricelevel about 160 pip move. For a standard lot size, that is about $1,600 profit for a trader who took the sell trade.
At the current level, we have seen so much confluences for Eur to gain strength against the dollar starting with the bat pattern being present, daily demand level considered as support area. First target for a buy entry from the current price will be at 1.23 area about 100pips, for a standard lotsize that is $1000 for a trader who buys the market. Second target will be at 1.24000 about 160pip move for about $1,600 for trader who buys the market then price happens to reach that intitial level. The overall trend for Eurusd is up meaning buyers are still in control, so it’s likely we are just getting a new lows for a possible new highs above 1.25 level.

•DXY (Dollar index)

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DXY is a negative correlation with the Eurodollar meaning if the Eurodollar chart should go up/bullish the DXY or Dollar index will go bearish/down. Dollar index chart is the price chart to know the current dollar rate, it’s movements and so on. Traders From all part of the world carryout technical analysis on the DXy in order to determine the directional bais on Eurusd, Usdcad, Australian Dollar/us Dollar etc etc. on the Above chart, price is trading above a round number of 90. We need to see price breaking below 90.00 area before considering going short on the Dollar or seeing a weaker dollar. The dollar has been on a steady downtrend for the past 5 months or so creating lower lowers and lower highs. We just got a new lower high for a possible lower low meaning we could infact see the dollar getting weaker.

•USDCHF(USdollar swissfranc)

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Usdchf is another currency pair I’m going to focus on this week as it has a lot of market confluences to get weaker/down or go bearish for the coming week. Usdchf has a positive correlation with the dollar index and a negative correlation with the Eurodollar meaning if dollar index is going down or up, the Usdchf goes the same direction vice versa. If Eurodollar goes up, the Usdchf goes down. On the Usdchf daily chart, price has been bearish for a long time now pretty much the same situation happening with the dxy(Dollar index). Price on the Usdchf is trading below a key psychological level of 0.94000 and the weekly candle closed below that psychological level. I will be looking to go short on the Usdchf currency pair to 0.9150 area about 250pips. For a standard lot that is $2,500 if price moves from the current level to 0.9150 with a sell Oder being activated.
That is all I have for you guys, I will keep you guys updated how this three currency pairs plays out this week, do have a lovely week guys.