The uptrend since the 32.40 low is still intract (fat red line), therefore we must be on guard, that the decline from 114.83 only was a correction and a new high will be seen later. It doesn't fit my USD-view, but at this point we can't exclude to the upside.
Zooming in on the hourly chart the possibly bullish count is the alternate count, while my preferred count call for a much deeper decline through the uptrend near 90.75. The alternate count will take center stages if break above 100 and more importantly 104, which will call for a rally towards 120 first.
The uptrend since the 32.40 low is still intract (fat red line), therefore we must be on guard, that the decline from 114.83 only was a correction and a new high will be seen later. It doesn't fit my USD-view, but at this point we can't exclude to the upside.
Zooming in on the hourly chart the possibly bullish count is the alternate count, while my preferred count call for a much deeper decline through the uptrend near 90.75. The alternate count will take center stages if break above 100 and more importantly 104, which will call for a rally towards 120 first.
No comments:
Post a Comment