Overbought USD/USD
been in a strong downtrend on the weekly and monthly and has come to a strong monthly support level (pink large box)
Looking at the 1 hour graph a retest of either the 50 or 61.8% fibs if not broken will result in a fulfilment of extension wave ABCD to -27% fibs
Will wait for price action to confirm anything
been in a strong downtrend on the weekly and monthly and has come to a strong monthly support level (pink large box)
Looking at the 1 hour graph a retest of either the 50 or 61.8% fibs if not broken will result in a fulfilment of extension wave ABCD to -27% fibs
Will wait for price action to confirm anything