Opposed to my previous GBP strength idea the USD seems like it may be hitting a strong area of support and may well rally in the coming month or months. With a bunch of US data being printed this evening the answer may come soon. Exciting times in the markets!
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Wow. The 38.2 retracement didn't hold for long......starting to look like a major trend change at this stage imo.
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If the Dollar rally can keep going here there is a bit of confluence to suggest that the 95.30 level could be the next level to watch.
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Some interesting Fib ratios suggesting further alternative counts to watch....
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Was that the end of the Dollar rally? Fell just short of the 38.2 fib but has turned down pretty sharply so the downtrend may well be resuming.....