Day trading strategy Euro currency futures

We begin our day trading strategy on the euro with the 89
range chart and we see the bull price channel the inside day at the PLOD.  We have the dollar index correlation moving
higher, which is pushing the euro lower and will make our job more challenging
today with the lows of the price channel acting as support.

We want to buy the lows of the price channel, and if price
keeps falling lower we will buy the support levels below the price channel.  If price rises off these lows we’re buying pullbacks
looking for entries trying to re-test the PHOD. 
Beware trying to buy above the PHOD if you don’t have enough room before
running into the resistance at 1.3244. 
buy pullbacks above the 1.3244.

The 34 range chart on the euro shows us price channel lows
where we want to buy, in addition we find some additional support levels below
us where we will look for a price reversal entry long if the price drops.  If price rises higher we have overhead
resistance in the form of trigger-zone which were drawn from the many swing-high
overhead using the most recent swing low.

We can see the opportunity to buy the lows of the price
channel and the support levels below the PLOD. 
It will high-risk to sell retracements below the PLOD with the price
channel lows acting as support.  It will
also be challenging to buy as price rises until we get above 1.3195 which
clears the swing-high on the 21range, and the trigger-zone resistance at
1.3190.  with the PHOD overhead at 1.3210
this will act like a magnet, so all we need is to stay patient and get price
above that 1.3195 and remember the dollar index correlation is always a big
deal, so watch closely for the dollar index to be at resistance when you look
to take your long trade on the euro.