EURUSD is also likely to head slightly upward in the daily supply zone as DXY is expected to reach near the daily demand zone.
Then there are two cases.
The first is that if DXY rebounds in the daily demand zone and points upward, EURUSD is likely to move downward in the daily supply zone as well. In particular, a break below the blue support line below will likely lead to a daily bearish wave. The correction pattern becomes a running flat pattern.
Second, if DXY fails to rebound in the daily demand zone and falls below the upper red line, it is likely to reach near the weekly demand zone. If so, EURUSD will also go towards the weekly supply zone as a weekly correction process.
Since DXY will rise significantly if it rebounds in the weekly demand zone, when EURUSD also descends from the weekly supply zone and falls below 1.0, the correction pattern will become an expanded flat pattern, and since it becomes a weekly downward wave, the 3rd downward wave will deepen. can.
So, today and tomorrow, DXY should watch the action in the daily demand zone and the daily supply zone of EURUSD.
Then there are two cases.
The first is that if DXY rebounds in the daily demand zone and points upward, EURUSD is likely to move downward in the daily supply zone as well. In particular, a break below the blue support line below will likely lead to a daily bearish wave. The correction pattern becomes a running flat pattern.
Second, if DXY fails to rebound in the daily demand zone and falls below the upper red line, it is likely to reach near the weekly demand zone. If so, EURUSD will also go towards the weekly supply zone as a weekly correction process.
Since DXY will rise significantly if it rebounds in the weekly demand zone, when EURUSD also descends from the weekly supply zone and falls below 1.0, the correction pattern will become an expanded flat pattern, and since it becomes a weekly downward wave, the 3rd downward wave will deepen. can.
So, today and tomorrow, DXY should watch the action in the daily demand zone and the daily supply zone of EURUSD.
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