Opposed to my previous GBP strength idea the USD seems like it may be hitting a strong area of support and may well rally in the coming month or months. With a bunch of US data being printed this evening the answer may come soon. Exciting times in the markets!
Kommentera:
Wow. The 38.2 retracement didn't hold for long......starting to look like a major trend change at this stage imo.
Kommentera:
If the Dollar rally can keep going here there is a bit of confluence to suggest that the 95.30 level could be the next level to watch.
Kommentera:
Some interesting Fib ratios suggesting further alternative counts to watch....
Kommentera:
Was that the end of the Dollar rally? Fell just short of the 38.2 fib but has turned down pretty sharply so the downtrend may well be resuming.....