Dont let this double zig-zag (in black letters) looking wave fool you. It may also be a leading diagonal (in red numbers) for a first wave down in the dollar. Its always good to have two different counts. If the dollar trend resumes upward, I will be looking at the fib retracement levels closely for signs of weakness.
Up trend remains intact: the dip below support at 96.2 failed. Price remains above 200 MA.
I am ignoring the stoch cross and the red Heiken Ashi bars for now.
Up trend remains intact: the dip below support at 96.2 failed. Price remains above 200 MA.
I am ignoring the stoch cross and the red Heiken Ashi bars for now.