📊 In today’s Day 51 analysis, we break down the Dollar Index (DXY) using Elliott Wave theory.
Price completed Wave (iv) and is now preparing for a potential Wave (v) decline targeting the 94–95 zone.
This could bring short-term weakness to the USD and strength to EUR/USD.
🧩 Structure: Impulse → Wave (v) in progress
🎯 Target: 94.00 – 95.00
⚠️ Invalidation: Above 100.50
Price completed Wave (iv) and is now preparing for a potential Wave (v) decline targeting the 94–95 zone.
This could bring short-term weakness to the USD and strength to EUR/USD.
🧩 Structure: Impulse → Wave (v) in progress
🎯 Target: 94.00 – 95.00
⚠️ Invalidation: Above 100.50
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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.