In the DXY, it currently looks like we are in the last legs of the downward movement. Here, an implied EDT could be developing as a white v of the red (c). Thus, a downward wave would still be missing. The ideal target, the 1.00 extension, of the pink Y would be fairly close to the trendline drawn below. However, for me, a close below the last low would be enough to finish counting the movement. Of course, this also implies that there are still more highs/lows to come in the single pairs before the dollar should start its run.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.