EURUSD | AB=CD Pattern | Is This The Time For a Weaker USD?

EURUSD | AB=CD Pattern | Is This The Time For a Weaker USD?

EURUSD continues to move lower with hopes for a strong USD.

On the other hand, DXY has been testing very high technical price levels.

These historic price levels date back to December-16 and March-20

So this may be the last bullish movement from the DXY (US Dollar Index) before we see the USD weaker very again.

So maybe the time for a weaker USD is very close.

Look at the price to react before you start this trade as we are in a counter-trend trade.

Potential price reversal area 1.0517 - 1.0564

Thank you and Good Luck!