EURUSD is slowly but surely approaching the end of its downtrend. Despite being in a bear market for the past year, wave structure is signalling the end of this trend, as we get closer to forming a bottom soon. According to the Elliot Wave Theory, we should now be in the final bear wave (Wave 5), made up of 3 sub-waves (I-II-IV).
This correlates negatively to the Dollar Index which is a positive sign for our EURUSD long analysis. As DXY starts forming its top, we expect GOLD and EURUSD to form a bottom and get ready to resume their uptrends🚀
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This correlates negatively to the Dollar Index which is a positive sign for our EURUSD long analysis. As DXY starts forming its top, we expect GOLD and EURUSD to form a bottom and get ready to resume their uptrends🚀
Drop a like if you agree and feel free to drop a follow if you want to keep up to date with all the latest analysis!
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goldvaultacademy.net
Instagram: @GoldVault_Academy
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
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.
TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
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.