Let me keep it simple. We are going up, believe it or not the dollar has strength. I saw this coming. We are currently in a motive wave, wave 3 of a lesser degree(minute) we are about to retrace, that's all it's going be, a retracement and then we will go up for the last 5th wave of the minute degree which is likely to touch my upper trendline(maybe not) and then...
To keep things simple, DXY is currently in an uptrend and it's almost the end of it. It's currently on a minor 5th wave degree which will take weeks(15 days) to complete. Lets see how it plays out.
Zig Zag almost complete. The abc zig zag consists of 12345 that makes up A (Impulsive) and Abc that makes up B (Correction) and 12345 that makes up C (Impulsive).
EURUSD is on a very strong support level and it should gain strength as it is approaching the end of Correctional Wave A. Meaning it should now proceed to Wave B (Bullish move) before going for Wave C. I think Sellers are in control since the pair is on its CORRECTIONAL WAVE.
