I had to change the previous analysis. Because the circumstances have changed. Based on the current ATR data, I expect another rise in the exchange rate. The type and size of the wave structure may be similar to a previous (yellow rectangle) structure. The ratio of its price movement to the ATR is similar to the current wave structure. Therefore, the target price for the currently rising exchange rate may be around 12415.
I agree. The US Dollar strength in the index holds many surprises, partly because on the daily time frame it has been scalloping. In times of economic uncertainty - being he 'new liquid gold' - it will be in demand. Leaving aside silly things like the Mueller pump/dump, there are bigger issues facing global economies as outlined by the IMF. My estimate - consistent with your - is that US dollar is likely to rise. That does not mean that people should simpley short pairs with /USD
meszaros
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@Captain_Walker, I agree with this opinion. I'm waiting for an area of 1.0990-1.1000. I do not expect panic-like movement, but due to the increased ATR, the fall of EURUSD will accelerate. You've described the fundamental environment perfectly. Thanks for.