Inside technicals and chart patterns by 
So are you buying into (literally) into the Dollar’s rally? Or are you skeptical of this move?
The EUR/USD is pulling back and presenting a swing buy opportunity on today’s action. Like any and all true swing plays it is a trend following set up with a contrarian entry. In other words, you’re following the overall trend but are entering on a correction.
The notes on the chart show the area of buying opportunity as prices pull back into the support of the Wave. The "POV" means point of validity and that shows where the buy would no longer be valid.
