I haven’t quite caught some of the pairs. However, over today and through the week, we should – at last – see the Dollar finally gets to see a stronger move higher. This should see a quite (as usual) Asian session and followed by a final Dollar low to then – probably towards the European (perhaps early North American session) to revert back to the Dollar upside.
I can’t see a runaway move because we’re back to having to develop Dollar bullish foundation waves. So today doesn’t look like a “wham bang thank you mam” day but a rather whippy/swing type development. Once we get through those foundation waves we are more likely to see a stronger Dollar.
USD/JPY may have seen the low – having seen an expanded flat – but may have a final dip lower before rallying back higher. There’s hardly much room on the topside in EUR/USD and this could be the same with USD/CHF – having seen a sharper decline than I had expected.
GBP/USD has seen a pullback higher. It has a little more room to explore but over the day we should begin to see losses – while over the other side of the planet AUD/USD needs a pullback and a new high before losses.
It’s only EUR/JPY that’s a little tricky – but frankly, I tend to feel that it could see a possible triangle before losses resume.