I think DXY should turn this week.
Confirmation:
The daily price should not drop below 101 and close below it.
Watch 101,601 & 101,435 as turning points for a long entry.
The recovery could be 0.50% / 0.618% Fib.
Yellow circles mark TP level.
If this scenario is true, EURUSD will fall.
Confirmation:
The daily price should not drop below 101 and close below it.
Watch 101,601 & 101,435 as turning points for a long entry.
The recovery could be 0.50% / 0.618% Fib.
Yellow circles mark TP level.
If this scenario is true, EURUSD will fall.
Comment:
Alternative
Comment:
In the meantime 105,149 & 105,564 have been reached.
Now a correction for the falling wave 4 could follow.
If true then all US currency pairs can fall back as well and as long as DXY is falling EURUSD should rise.
Now a correction for the falling wave 4 could follow.
If true then all US currency pairs can fall back as well and as long as DXY is falling EURUSD should rise.