DXY & EUR/USD Analysis Comparison:
Updated
EUR & USD are on their way to converge (coming together) as you can see in my analysis. I expect EUR/USD to bounce on the red line and continue its bearish trend and USD to bounce on the green line to continue its bull trend until they converge.
Meanwhile while thats happening, Gold should keep rising & USD/JPY should keep dropping until both EUR & USD make that bounce around Red line (EUR 1.22200 Area) & Green line (USD 90.10 Area) like the Yellow lines are showing on the chart.
Safe trading!
Meanwhile while thats happening, Gold should keep rising & USD/JPY should keep dropping until both EUR & USD make that bounce around Red line (EUR 1.22200 Area) & Green line (USD 90.10 Area) like the Yellow lines are showing on the chart.
Safe trading!
Note
This is the first time I've posted my idea here on Tradingview and I cant figure out how to keep the Red line in one place, the only way to make my chart more understandable is to press the left arrow on my chart until it aligns like this: imgur.com/bAijutR
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