And Back To The U.S. Dollar Upside…

Well, that was a quickie… Yesterday saw the final low in the U.S. dollar and a reversal, not by too much, but we are now beginning to go through the lower degree development that will build a Wave (a) and then a pullback – and so on. Once we have reached the higher degree the outlook will be a little easier to see as we continue on the U.S. dollar rally. So overall, this should be a limited range day again, but it’s doing its job building up to the higher degree.

However, the good thing is that we have mostly a pretty seen a barrier on the U.S. dollar downside and therefore we should see some decent gains – albeit not exactly exciting. Therefore, keep targets rather limited until we get a rise towards the higher degree development which will then generate stronger moves.

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