What's coming for dollar and linked pairs to it.(EurUsd, Xuausd)

2 apr 2021

If we observe the US dollar index on monthly timeframe, we can observe that currently it's in the correction phase. If we look at the past support and draw a Fibonacci retracement it shows that support levels falls at 38% of that which gives us a clear picture of it too. So as soon the dollar index completes its correction it will start going up which will affect the pairs linked to dollar like, eurusd, xuadusd, etc. As soon it will start going up better position for these pairs will be to sell.
I hope you like the analysis. If you something more to share go ahead.