Last TP was done in 4 hours after the analysis. Cheers :)
DXY movement has been following our previous analysis, making a nice wave down in the channel.
The price of EU has reached a new territory that was last seen in March 2020 due to the pandemic and market crash. Dollar has been weakening non-stop due to the policies by Fed.
- Expecting EU fall back to the uptrend channel
- Short term pullback and continue to move with waves
- Upside opportunity in future seems to be more realistic
In recent months, Dollar has been highly correlated to stock market such as SPY and DJIA, so watchout for the volatility from the markets.
DXY movement has been following our previous analysis, making a nice wave down in the channel.
The price of EU has reached a new territory that was last seen in March 2020 due to the pandemic and market crash. Dollar has been weakening non-stop due to the policies by Fed.
- Expecting EU fall back to the uptrend channel
- Short term pullback and continue to move with waves
- Upside opportunity in future seems to be more realistic
In recent months, Dollar has been highly correlated to stock market such as SPY and DJIA, so watchout for the volatility from the markets.