DXY has been within the descending wedge and appears to be making an ending diagonal pattern. Usually ending diagonal patterns have 5 waves - of which 4 we can see here. Could we see another move down next week for the final e wave?
A breakout will be confirmed once the wedge is broken. We can use DXY to anticipate USD strength and inverse correlated with EURUSD.
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A breakout will be confirmed once the wedge is broken. We can use DXY to anticipate USD strength and inverse correlated with EURUSD.
Like my charts? Give it a thumbs up! See links below.
Trade Safe!
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USDOLLAR
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