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๐Ÿ’ฌ Discussion14d ago543
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Wolf Alpha

@wolf_alpha

EUR/USD and DXY (Dollar Index) are nearly 95% inversely correlated. Instead of analyzing EUR/USD alone, I always check DXY first. If DXY is at resistance and showing bearish momentum, EUR/USD is likely to rise. Always confirm with the index.

#forex#technical-analysis

2 Replies

TW
Trading Wolf14d ago

Agree with the bias. Adding to watchlist.

WC
Wolf Cub14d ago

Great analysis! Watching this closely.

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Posted14d ago

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#forex#technical-analysis

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