The wave structure supports such bearish scenario, if Trump repeat and talk about level playing field and usd is too strong, do not be surprise usd fall strongly. As most are looking for stronger usd and new high, mr market might just do the opposite. Good luck.
the strong bounce look impulsive and could be wave i and start of upside
the entire fall from top look corrective, especially when looking at usdchf, its rise is 100% corrective
therefore the case is supportive of more fall on usdchf and hence probability of eurusd upside
This is the second attempt to break below the breakout cum support line, however bulls manage to hold price above, the war between bulls and bears is still on going and a clear winner should emerge really soon.
Personally prefer bullish view as the chaos in the Trump administration should create dollar weaknesses.
trump is doing everything in his power to keep to his campaign pledge
he has been speaking about usd strong value as too high and probably studying with his advisers in the white house how to proceed with the devaluation to make america competitive
do not be shock if there is a sudden drop in usd, although there still "seem" to be a leg up for usd, the other side...