The downward trend continues forming within the third wave of the senior level iii of 3. At present, the third wave (iii) of the junior level seems to be forming and if the assumption is correct, the pair keeps falling towards the level of 1.4000. Critical for this scenario is the level of 1.4473, a breakout of which would allow the pair to grow to 1.4935.
Sell the pair below the level of 1.4473 with the target at 1.4000.
The breakout and consolidation above the level of 1.4473 would allow the pair to grow to 1.4935.
January 18, 2017 Trump kicks the Dollar down
Trump hinted in his interview to the Financial Times that the US Dollar went for a far too extensive rally and the enthusiasm surrounding the bulls needs to be cooled...
January 18, 2017 Fed speakers, BoC and UK employment
We are going to see some central bank action (Canada) and hear from some Fed members and the chairwoman today. Apart from that we will get more information on the UK labor market and a data package from the US, including CPI for December and industrial output...
January 18, 2017 Aussie dollar cracks major levels
The Australian dollar swung heavily today as US bulls finally looked to sell off in the wake of economic uncertainty around the United Kingdom...
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