EURUSD Analysis by FxMArketStrategy

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Happy new year everyone and best wishes for this year....

Looking at #EURUSD chart,
We know EURUSD is opposite of #DXY , so, when we see #DXY higher, EURUSD goes down.

AS we can see a correction in the stock market, Why correction and not a reversal ? Will post in the Dow jones analysis later.

AS we see a correction in equity market, DXY will correct higher. After this correction is over, the stock market will rise, and DXY will start to fall again.

Current situation is a good sell for EURUSD, but keep in mind, 1.19 is possible reversal area for a wave up, then later EURUSD will fall again.

I expect EURUSD to hit 1.14 this year at some time later , so we can focus on every good sell, and be careful with the Buys.

If you are in this sell already, move your stop loss and wait 1.1922 area. to take profit.

Best luck, if u like to get more ideas, please follow. thanks