We had a deep pull Back impulse with the Doller
Looking at the fundamentals news its more likely for investors to continue investing into the dollar over the longer term in other world its going to be a long while before we can see the markets return to normal structure and momentum. We are going to keep seeing up-normal reactions in the markets.
The usd may still recover and move towards the upside, which is going to be blessing to the longer term trend trader and a curse to the short term support and resistance trader for when we look at the shorter term we have reason to believe its better waiting for selling opportunities to follow the most recent trend and catch the impulse to the downside.
Looking at our latest chart all I have to wait for now is the confirmation to the downside or to place pending orders.