EUR/USD pulls back away resistance

Mid European session technical update

My charting focus on ECB day today, has obviously been around EUR/USD so here's an update as the countdown continues.

First up to the euro and EUR/USD has certainly kicked off for the session, pulling back from the ley resistance level that we've focused on. Check out those hourly candles tapping the line:

As I'm writing, I can see it coming off more as momentum picks up and it's confirmed.

Well the USD is no longer sliding, bouncing off that trend line and confirming the fact we're still in the ascending triangle I was speaking about earlier. Some good price action here on the DXY:

This was what I had to say in that previous blog (linked above) and it's ringing true:

"There are a few ways to draw this trend line and on the daily, in an index like this, you shouldn't be using specific levels to trade breakouts. They should be treated as zones.
Don't get carried away too early!"

Treat daily levels as zones. This is a key mindset shift I can't stress enough.