broughro

Intermediate 5 of Primary C Circle ends near parity

FX_IDC:USDEUR   U.S. Dollar / Euro
This is an update to my posts from months ago...looks like intermediate 4 has taken the shape of a triangle resulting in the final burst in intermediate 5 of primary C Circle's . 618 retracement ...once this occurs it appears USD inflation will kick in with EUR deflation driving the dollar value relative to EUR down in Intermediate 1 of Primary 3...should be a dramatic drop to below .5...

Let's see how it plays out...Neutral now then short after the end of 5 of C circle...
Trade closed: target reached: See my next update on USDEUR. There is an ending diagonal visible in the recent rise that ended just shy of the .618 retracement of primary wave 1 down. So, close longs and be looking for big movement on the short side.

Did Trump usher in the new era of the weak USD?
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