US Dollar Completes Bearish ABC Within Bullish Correction
(Click on image to enlarge)
The US Dollar seems to have completed 3 bearish waves within a larger bullish correction. One more higher high could occur on the USD after which divergence between the tops will most likely appear.
This, in turn, could create a bearish reversal and send the EUR/USD back up. For the moment, however, EUR/USD and GBP/USD look bearish and could show a bearish breakout if price breaks below support.
Video Length: 00:09:24
Disclaimer: Trading foreign exchange or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a ...
more