DXY Measured path 20 MIN TF "W" formation trade path
As long as there are no major Fundamental events to affect the technical path on my analysis. Looking at the DXY you can also correlate the path that EURUSD will also take (which is why I carefully analyze DXY). Based on this information you can keep an eye on DXY while ERUUSD play takes place over this weekend and into the beginning of next week. Please like my analysis and follow me for future analysis that I will be offering. Good luck to all, stay safe!
As you can see the first leg of the W formation impulse ended at the 89.730. From there we measured that the next impulse move up would reach the 0.382 Fibonacci retracement to at least 90.102 (It actually reached 90.133) . Then the next pullback down from the 90.133 level measured down at the 1.618 Fibonacci retracement level to at least 89.644......when it reaches this level we can then measure accurately from this point how much it will retrace back up to currently estimated to the 0.382 retracement level (90.299).
As you can see the first leg of the W formation impulse ended at the 89.730. From there we measured that the next impulse move up would reach the 0.382 Fibonacci retracement to at least 90.102 (It actually reached 90.133) . Then the next pullback down from the 90.133 level measured down at the 1.618 Fibonacci retracement level to at least 89.644......when it reaches this level we can then measure accurately from this point how much it will retrace back up to currently estimated to the 0.382 retracement level (90.299).
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