EURO Currency Futures prep

We find the Euro this morning trading at its trigger-zone highs, which is major resistance.  We also can see the Dollar Index is moving higher, off the lows of the bear channel support.  The euro and the dollar have a negative correlation, and this is a big clue for falling prices on Euro, while we see rising prices on the dollar.

Our plan today is to use this bullish channel as support, looking to buy the lows as far down as 1.2870.  If we get into the long position at the lows, take profit at the highs and PHOD 1.2938.  If we get new lower lows we will sell short using a wave pattern below the Double-Top Support of 2870 with profit targets at 2855, 2830 and the PLOD 2815.  If we keep falling lower, sell more below the PLOD and a final target for the sellers at 1.2760 at the major trigger zone support.