What can we see on the chart?
EU is at a triple bottom, and DXY is at a triple top
Both the DXY and EURUSD have three price cycles
We are currently in the middle channel
Price action is now paused for a break or bounce
Each shaded block can be subdivided into three price cycles
It is also interesting to note the 7-year time cycles, which can be subdivided into three-time cycles
The big question for big money is which box will the price continue,
Consider the DXY
Retrace into the sideways box
Continue the bullish momentum into the upper box
The inverse action for the EURUSD.
Consider the influence of the central banks with the effects of modern money theory and the attempt to control inflation or the elite one hundred families that run the world's economic engines or current political conflicts.
Time will tell; enjoy the process.
EU is at a triple bottom, and DXY is at a triple top
Both the DXY and EURUSD have three price cycles
We are currently in the middle channel
Price action is now paused for a break or bounce
Each shaded block can be subdivided into three price cycles
It is also interesting to note the 7-year time cycles, which can be subdivided into three-time cycles
The big question for big money is which box will the price continue,
Consider the DXY
Retrace into the sideways box
Continue the bullish momentum into the upper box
The inverse action for the EURUSD.
Consider the influence of the central banks with the effects of modern money theory and the attempt to control inflation or the elite one hundred families that run the world's economic engines or current political conflicts.
Time will tell; enjoy the process.