Dollar Index . DXY .
After one complete cycle for a bearish impulse, we are in a correction phase on Dollar. The main trend will continue after the correction sequence is over and the dollar could continue its fall to a lower level.
The same trend can be seen on EURUSD as after the correction ends, we are waiting to see another impulse towards 1.25, which clearly means that the dollar is likely to be weakened in the coming years. This correction could extend up to 1.618 of wave (A) or up to 50-61.8% Fibonacci of the cycle I downwards.
After one complete cycle for a bearish impulse, we are in a correction phase on Dollar. The main trend will continue after the correction sequence is over and the dollar could continue its fall to a lower level.
The same trend can be seen on EURUSD as after the correction ends, we are waiting to see another impulse towards 1.25, which clearly means that the dollar is likely to be weakened in the coming years. This correction could extend up to 1.618 of wave (A) or up to 50-61.8% Fibonacci of the cycle I downwards.
