DXY long term outlook
Given the Federal Reserve's reluctance to cutting interest rates in the near future, it's evident that the DXY still has room for upward movement.
This leads me to consider the next move for EUR/USD as BEARISH. As you may know, I rely on the DXY to determine the direction of both EUR/USD and GBP/USD.
In addition to what I mentioned earlier about the DXY, it's reasonable to suggest that EUR/USD is likely to experience a significant drop from its current position, However, please note that this is just my perspective and not a definitive prediction.
This leads me to consider the next move for EUR/USD as BEARISH. As you may know, I rely on the DXY to determine the direction of both EUR/USD and GBP/USD.
In addition to what I mentioned earlier about the DXY, it's reasonable to suggest that EUR/USD is likely to experience a significant drop from its current position, However, please note that this is just my perspective and not a definitive prediction.
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