ewtrader86

The initial dollar decline might be over.

Long
FX:USDOLLAR   Dow Jones FXCM Dollar Index
False breakout ALARM. Do not chase down the dollar from here. Fib levels and RSI divergence at multiple time frames suggests a classic 5th wave fake out today in USDOLLAR index . I expect the EURUSD to be choppy, USDJPY0.13% to continue dropping and reverse later, GBPUSD , AUDUSD are going to suffer the most from this dollar rebound.

*****The labeled 5th wave could be OVER already or a little bit more room to run until 11990. *****
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.