So far, the downward trend is still in harmony with my primary expectations & could serve us another long opportunity The impulsiveness and expansion of the downward movement is something we should think about. In this context, I show you the alternative of an already stored high of wave 5 in the chart. We should keep this scenario in mind & wait for an upward confirmation. If we see prices below the $ 1.17041 level, the upside potential will be neutralized and the market will see further potential for sell offs. ( ABC scenario)
DXY: In comparison to EUR / USD , the bulls are taking off in DXY .If the price breaks above the previous high at around 93 USD we have to assume that a low may have formed and we continue north towards 3-digit prices. But so far I still expect new lows and a continuation of the ongoing downward movement.