This a follow up chart on the intraday forecast of Wednesday ( ). Expect a retrace to 101.00, then a further advance to 101.75. If really strong 102.00 is a possible secondary target.
SHORT DOLLAR AT 12169. MAJOR RESISTANCE LEVEL. STOP LOSS JUST ABOVE THAT LEVEL.
I see the Dollar index making higher low and the MACD is making lower low. Also the index is reaching an uptrend support. So i'm expecting the index to keep going higher in the comming days/weeks INDEX:DXY .
$USD is long and probably one can hold for few years if the dark green line doesn't breach. And sell when the historical red resistance line hits.
Steep correction fro wave 2-3 into wave 4 which is now in view at 1.11433. At this point price can correct back into the upward structure to the 1.14635 level and beyond or it can break down further to 1.11000. With high event risk next week price is likely to consolidate between 1.12189 and 1.11433 before a news release acts a catalyst to force it up or...