@vkapoor237 on EURUSD | PriceONN Community
V
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??
Replies
@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.