Uptrend should resume after the 61.8% retracement and bullish divergence.
Fundamentally a normal mean reversion of term premium is occurring.
This should also support the USD in the medium-term and keep the uptrend intact for 2017.
However the move may be choppy because of extreme long positioning.
Fundamentally a normal mean reversion of term premium is occurring.
This should also support the USD in the medium-term and keep the uptrend intact for 2017.
However the move may be choppy because of extreme long positioning.
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