- Current bearish PA has reacted at support at the psychological 0.75000 level - Bearish price action is signaling a change in trend that coincides with WAVE E in the Elliot Wave pattern depicted in this chart. - RSI is not oversold yet; so bearish trend is still valid
Predict
- Waiting for a much larger and faster WAVE 2 - This wave will most likely be initiated by the FOMC RATE DECISION - Which current market sentiment favors the US DOLLAR