As you can see, EUR/USD finished 5 waves up with a correction retesting the previous wave 4, and you know by now that retesting the previous wave 4 and not breaking it could be an amazing buy opportunity for a new impulsive wave to the upside.
Also, since the DXY isn't able to break the previous wave 4 to the upside, I think we could see the Dollar going down again pushing all major currencies back up.
This could be the start of a whole new cycle in the financial markets, the Dollar has been dominating for the last decade and now it is the time to see a weak Dollar, thus pushing all major currencies to the upside.
Also, since the DXY isn't able to break the previous wave 4 to the upside, I think we could see the Dollar going down again pushing all major currencies back up.
This could be the start of a whole new cycle in the financial markets, the Dollar has been dominating for the last decade and now it is the time to see a weak Dollar, thus pushing all major currencies to the upside.
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Quick Update on DXY
marcyacoub
about DXY