The move to the downside is starting to look impulsive in nature as we crack through important moving averages, supports and etc. Those who are riding it from the highs well done, the next levels for us to track is 95.86 which is the ABC sequence target from the highs last month. Any breaks below here immediately opens 94.68 for a test which would then imply (most likely) that we are in a 5 wave sequence rather than the ABC corrective pattern.
Best of luck those positioned in USD from the highs ... a textbook dovish Fed with cuts back on the table and we are set to complete the move towards 94 very quickly.
Best of luck those positioned in USD from the highs ... a textbook dovish Fed with cuts back on the table and we are set to complete the move towards 94 very quickly.
