I think DXY should turn this week.
Confirmation:
The daily price should not drop below 101 and close below it.
Watch 101,601 & 101,435 as turning points for a long entry.
The recovery could be 0.50% / 0.618% Fib.
Yellow circles mark TP level.
If this scenario is true, EURUSD will fall.
Confirmation:
The daily price should not drop below 101 and close below it.
Watch 101,601 & 101,435 as turning points for a long entry.
The recovery could be 0.50% / 0.618% Fib.
Yellow circles mark TP level.
If this scenario is true, EURUSD will fall.
Note
Alternative Note
In the meantime 105,149 & 105,564 have been reached.Now a correction for the falling wave 4 could follow.
If true then all US currency pairs can fall back as well and as long as DXY is falling EURUSD should rise.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.