It is just touching a 6 years downtrend, several times respected, thats strong. But we dont know, what we know is there are two options.
A. It breaksout and goes all the way up making
going even more down and eurusd going up.
B. It goes down again respecting the tendence and starting wave B, also changing the way of the DXY starting wave B as well.
Wait for the pull back confirmation before getting in.
A. It breaksout and goes all the way up making
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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.