Was actually looking for a longer term trade...I think the USD needs to retest the lows eventually. I was thinking it has simply fallen too hard and fast like back during when subprime first broke out in August 07, but heck that's not strictly TA.
Disclaimer: Do not take my posts seriously. They are only opinions.
Well the action reached a max of 8813 and has dropped as expected -90 pips so far.
I'm not really a long term player, and long term is not always clear unless I can see a definite pattern in the charts.
There are no BFs or Gartley on the longer term charts, but from the current action I think there is more chance of downside certainly for medium term.
There could be some support coming in around 8576 (Jan low) and there is also an uptrend line around 8300-8350, so lets see what happens if it drops to those levels.
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