The U.S. Dollar Index is ready to move up again, what will send the EUR down.
U.S. Dollar Index:
- Bullish div on the RSI and momentum wave.
- The price breaks out of a channel
- The RSI breaks out of a channel
EUR/USD
- strong bearish div on the RSI and momentum wave
If EUR/USD breaks down from the channel it will set the way for a retrace down.
A strong Dollar will also send the SPX down, what would make sense.
U.S. Dollar Index:
- Bullish div on the RSI and momentum wave.
- The price breaks out of a channel
- The RSI breaks out of a channel
EUR/USD
- strong bearish div on the RSI and momentum wave
If EUR/USD breaks down from the channel it will set the way for a retrace down.
A strong Dollar will also send the SPX down, what would make sense.
Note
The EUR/USD pair has broken the channel. This opens the way to the downside. A big shift in trend is in sight.
Note
Still on track. Patterns take time to play out. Only the higher charts are really predictable.
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.
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.