Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to hit the top of the pattern and watch strong price action for sell.
Very nice charts. This looks accurate to my eye. If the Fed doesn't cut this week (and I don't think they should cut) then the Dollar should make a last strong move upwards. However, the markets will then focus on the higher possibility of a cut in July, so as an afterthought the Dollar starts to come back down again.
I have targets at 98.2 and (preferably) 98.8. Will be interesting to see what happens.
I have targets at 98.2 and (preferably) 98.8. Will be interesting to see what happens.