According to yesterday speech there would not be a inflation in commodities specially oil and it makes USD stronger. The short term trend is bullish as the long term as well.
quick b wave in 4th wave. it is a really good opportunity
by Fed rates increase and weak oil USD index can rise more. for this step it is expected to see 95.70
GBPUSD has touched the floor of fork and its needed to touch the middle too. it is expected to reverse up to 1.36 at the first step.
For today it is expected the FX:EURUSD reach around 1.18650
according to this idea bearish moves are expected but is it the time for start?
the blue area is the key area for TVC:DXY looks like more energy is needed
I think we passed 78.6 Fibo level and it is time for more bearish moves to finish wave 3 of 3 In case we go back above 1.18 wave 4 of 3 is started and we have a side market in next mounth
looks like 23.6 Fibo retracement will keep the bulls for now. this bounce was 4 of 3 of 1.
in the long term the trend is still strong buy, now is the time to buy
In case it breaks the trend line the first resistance level is 1.21000 area
DGB Correction is at the end. be ready for TAKE OFF