@vkapoor237 on EURUSD | PriceONN Community

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vkapoor237 PRO newbie
EURUSD Mar 9
Is anyone else seeing a correlation between EURUSD and DXY lately 🤔? When the dollar strengthens, EURUSD seems to drop almost immediately. It's not always perfect, but worth keeping an eye on. Just my two cents, what do you guys think??
EURUSD

Replies (1)

mohankrishnan
mohankrishnan PRO newbie Mar 9
@vkapoor237 Vinay, the DXY correlation is definitely something to consider. It's not always a perfect mirror, but the inverse relationship is generally reliable. However, keep an eye on news events. Sometimes the Euro can decouple if there's a specific ECB announcement or something that impacts the Eurozone directly. Just my 2 cents.
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