The US Dollar seems to have completed 3 bearish waves within a larger bullish correction. One more higher high could occur on the USD after which divergence between the tops will most likely appear.

This, in turn, could create a bearish reversal and send the EUR/USD back up. For the moment, however, EUR/USD and GBP/USD look bearish and could show a bearish breakout if price breaks below support.

Video Length: 00:09:24

Print Friendly, PDF & Email

Related Posts