More downside pressure for the US Dollar Index with the EUR/USD focus on 1.0820 [Video]

Ian Coleman FXStreet

I see the DXY move lower to the 100.090-70 zone to complete a Crab formation. Using correlation, this offers upward pressure in EURUSD, GBPUSD, and NZDUSD.

We break down the patterns.

Author

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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