EURUSD | AB=CD Pattern | Is This The Time For a Weaker USD?
EURUSD continues to move lower with hopes for a strong USD.
On the other hand, DXY has been testing very high technical price levels.
These historic price levels date back to December-16 and March-20
So this may be the last bullish movement from the DXY (US Dollar Index) before we see the USD weaker very again.
So maybe the time for a weaker USD is very close.
Look at the price to react before you start this trade as we are in a counter-trend trade.
Potential price reversal area 1.0517 - 1.0564
Thank you and Good Luck!
EURUSD continues to move lower with hopes for a strong USD.
On the other hand, DXY has been testing very high technical price levels.
These historic price levels date back to December-16 and March-20
So this may be the last bullish movement from the DXY (US Dollar Index) before we see the USD weaker very again.
So maybe the time for a weaker USD is very close.
Look at the price to react before you start this trade as we are in a counter-trend trade.
Potential price reversal area 1.0517 - 1.0564
Thank you and Good Luck!
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bit.ly/49VySJF