The USD Outlook- Elliott Wave
PCE was out, seems like Inflation is stable. Powell noted they will slow down the hike, so even if data is strong they will probably stick to the plan. If data is bad, which is not impossible, considering that economy is slowing down, then the DXY will fall further. So I see win-win for the bears on DXY going forward.
But there will be pullbacks of course. Here is another count I am looking at; potential impulse from a monthly channel top.
I will turn back bullish if I see strong bounce from 103.80 and back to 109.
But there will be pullbacks of course. Here is another count I am looking at; potential impulse from a monthly channel top.
I will turn back bullish if I see strong bounce from 103.80 and back to 109.
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