Expecting weakness to hang over the dollar over the next few days.
Potential supports are back down at 80.73 80.40 and a big support is lower at 79.97 area.
We are still in the same continued mood as the last published idea - as the market continues to uncover new facts of the new year - we uncover where the market wants to be - therefore we will play out each idea within its own microcosm.
This bearish mood will be cast off when we see firm support and bullish reactions at existing at the aforementioned price levels.
Potential supports are back down at 80.73 80.40 and a big support is lower at 79.97 area.
We are still in the same continued mood as the last published idea - as the market continues to uncover new facts of the new year - we uncover where the market wants to be - therefore we will play out each idea within its own microcosm.
This bearish mood will be cast off when we see firm support and bullish reactions at existing at the aforementioned price levels.
and it seems market is trying to build a base at these levels right now.
as for the third one we will have to observe when price forms there.
this mood continues for as long as it wants to...until a price level it wants to.
we take it step by step.
this is like a coiled spring with energy released.
built up over the last 3 weeks.
yet to see a bearish reaction to the signal given.
approach with caution.