EURUSD has two cases.
If DXY is to make a weekly correction pattern
EURUSD will also fall into the weekly demand zone and aim for a rebound.
If DXY continues its weekly uptrend, it will renew its highs.
EURUSD will also finish the weekly correction process and refresh the bottom.
Therefore, the pattern that will be created in the circled area of the chart will be the decisive clue.
And, take a look at my previous DXY analysis.
If DXY is to make a weekly correction pattern
EURUSD will also fall into the weekly demand zone and aim for a rebound.
If DXY continues its weekly uptrend, it will renew its highs.
EURUSD will also finish the weekly correction process and refresh the bottom.
Therefore, the pattern that will be created in the circled area of the chart will be the decisive clue.
And, take a look at my previous DXY analysis.
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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.
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.