CollegeofPips

DXY vs EUR/USD : Expressed by Elltiott Wave Structure πŸ’‘

OANDA:EURUSD   Euro / U.S. Dollar
It is known that the Dollar and the Euro are inversely correlated, but What we found here is the Elliott Wave Structure that is respected by both currencies but in inverse way.

If We look on the graphs we can see that the Euro is moving downward, however the DXY is rallying to smash previous highs.

According to Elliott Wave Theory, Both currencies are in Wave C, which is the last wave in the cycle.

Let's see in the next few days if the EUR/USD will reach the 1.1924 level and the DXY test the 92.13 mark.

-------------------------------------------------------------------------------------
Please press β€œLike” if you appreciate the trading idea πŸ‘
β€œFollow” for more trading ideas in the future πŸ‘€
β€œComment” below to share your thoughts with us and other traders πŸ‘₯

-------------------------------------------------------------------------------------

Risk Disclaimer: All trading ideas published by β€œcollegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
πŸ—£ Free Trading Ideas on our discord channel

(Crypto - Commodities - Forex - Indices -

Stocks) using the following link: 🎯

πŸ‘‰ https://discord.gg/xVx68QvTge πŸ‘ˆ

Comments

seems logic. lets see 🦐
Reply
CollegeofPips plancton0618
@plancton0618, Thank you
Reply
Nice one Joe
Reply
CollegeofPips TheSignalyst
@TheSignalyst, much appreciated
Reply
I love this analysis
Reply
CollegeofPips Dave-FX-Hunter
@Dave-FX-Hunter, thank you mate
Reply
Great setups!
Reply
CollegeofPips StevesTradingV
@StevesTradingV, thank you
Reply