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!
Ghi chú
Wow. The 38.2 retracement didn't hold for long......starting to look like a major trend change at this stage imo.
Ghi chú
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.
Ghi chú
Some interesting Fib ratios suggesting further alternative counts to watch....
Ghi chú
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.....
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