Index has come back to the lower end of the Cloud
after a test of the upside. Index is now threatening
a break of both the Cloud and the trendline. Until it
happens, one has to anticipate another bounce here.
The projected Cloud is bearish and all is set for a breakdown
but look for a close below on daily basis. A bounce
could be used to get in on the more bullish dollar pairs,
like for instance, AUDUSD. Currently a wait and see.
after a test of the upside. Index is now threatening
a break of both the Cloud and the trendline. Until it
happens, one has to anticipate another bounce here.
The projected Cloud is bearish and all is set for a breakdown
but look for a close below on daily basis. A bounce
could be used to get in on the more bullish dollar pairs,
like for instance, AUDUSD. Currently a wait and see.