While the DXY is trending down the EUR USD is trending up.
On the EUR USD:
- RCI 3 lines, Line crossing of the long term trend line and the middle trend line.
- RSI is crossing over the moving average line -> bullish
- the chart has reached a golden pocket on the .618 fib level
- the chat has reached a former support line on 1.069 from Jun 2023
The DXY is doing the opposite thing, showing that the trend on the EUR USD is legit.
On the EUR USD:
- RCI 3 lines, Line crossing of the long term trend line and the middle trend line.
- RSI is crossing over the moving average line -> bullish
- the chart has reached a golden pocket on the .618 fib level
- the chat has reached a former support line on 1.069 from Jun 2023
The DXY is doing the opposite thing, showing that the trend on the EUR USD is legit.
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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.