EURUSD and Dollar Index analysis 2020 updates. As explained in the previous EURUSD and Dollar Index #DXY analyses, we expect a bigger correction on the EURUSD and Dollar Index after such strong impulses.
Going long on EURUSD and short on Dollar Index is not a good idea, given the strength of the bullish impulse on EURUSD and the bearish impulse on the Dollar Index. That’s what could start happening any time soon! Look at the EURUSD and Dollar index monthly timeframe analysis below. You can use the longer-term analysis to trade EURUSD on the way down and Dollar Index on the way up. Just remember that trading in the direction of those impulses is not a good idea and prohibited if you want to incorporate supply and demand imbalances in your trading.
The attached analyses are s just the tip of the iceberg. Supply and demand is more than this because many forex cross pairs and stocks can be traded.
You have to refer to the older analyses shared with you via this weekly update and Set and Forget’s blog to see what I am talking about. Being a member of the Set and Forget online trading community will give you the trading support you need to trade in the direction of the highest probability scenario together with professional traders. No more guessing!
See below the EURUSD and Dollar Index updates. There are trading opportunities already playing out as the price moves in the direction of the path of least resistance.
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