EURUSD | Dollar Index | What's next?

21 Mar 2020

With the Euro currency taking the biggest weight in the dollar index basket, it is not surprising that the price action in the US dollar index tends to affect the EURUSD currency pair the most. If you look closely, it is easy to understand how the price action (candlestick patterns, trends) are closely correlated. It may seem surprising, but I believe that we are waiting for a good UP trend for EURUSD