DXY vs EUR/USD : Expressed by Elltiott Wave Structure 💡

It is known that the Dollar and the Euro are inversely correlated, but What we found here is the Elliott Wave Structure that is respected by both currencies but in inverse way.

If We look on the graphs we can see that the Euro is moving downward, however the DXY is rallying to smash previous highs.

According to Elliott Wave Theory, Both currencies are in Wave C, which is the last wave in the cycle.

Let's see in the next few days if the EUR/USD will reach the 1.1924 level and the DXY test the 92.13 mark.

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