EURUSD & DXY: A BEAUTIFUL INVERSE RELATIONSHIP / FIAT / FIB

DESCRIPTION: In the chart above I have included a MACRO analysis & side by side comparison of EURUSD & DXY.

POINTS:
1. DEVIATION of 0.075, found with HIGHEST HIGH & LOWEST LOW & then dividing by 2 to find a MEDIAN & so on for remaining points in between.
2. EURUSD price action is in a current downtrend getting ready to test 1ST TARGET.
3. NOTICE how TARGETS for DXY & EUROUSD coincide.
4. RSI is currently over extended for EUROUSD & has seen its squeeze from previous oversold levels.

*IMPORTANT: When both price actions come to touch they either float in same channel before separating again or completely blow through one another.

SCENARIO: With DXY's current bearish momentum this can be a bullish factor for EURUSD as they have a clear inverse behavior and vice versa.

FULL CHART LINK: tradingview.com/chart/UUCv2fGk/

EURUSD
DXY
Beyond Technical AnalysisDXYeurousdFESX1!fiatinverseNASDAQ 100 E-MINI FUTURESrelativestrengthsupply_and_demandSupply and DemandTrend LinesTesla Motors (TSLA)

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