ewtrader86
Long

The initial dollar decline might be over.

FX:USDOLLAR   Dow Jones FXCM Dollar Index
49 1 0
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. *****
To realize AUD follows closely the commerce price, the oil is bouncing drastically, the AUD suffering from dollar rebound is doubtful.
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