It appears as though the USD strength will temporally come to an end. Many pairs appear to be bottoming.
Ideally a new sudden low and reversal would provide an interesting entry point.
Once the bottoms form it will be interesting to see if we make fresh tops or simply correct and head lower. I would expect the upside to be limited. A three wave corrective move up would signal fresh lows ahead.
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Dear Pierre hi,you expect the upside to be limited so to which level they might go ?,thank you so much for posting yr view & wish all the best.
Regards
JJ
I’m very reluctant to consider the upside much past this point. I may trade the breakout above 1.3933
But…
I think there is a good possibility of a new weekly high but I’m more interested in waiting for a top and becoming bearish again unless it starts making highs beyond 1.4350
Cheers