Dollar Bullish Overall

Published 07/31/2019, 04:56 AM
Updated 07/09/2023, 06:31 AM

Indeed, we did have a sideways move yesterday. It’s not quite finished. We should see some limited (dollar) losses over the Asian center but from there, we should be heading higher again. USD/JPY just needs to confirm the expanded flat to then see gains. EUR/USD also needs a minor new high to complete the Wave ^c. USD/CHF – this is quite uncertain. Perhaps we have seen the low but keep in mind the risk of a minor new low before any stronger bullish moves.

That should keep GBP/USD on the downside…

EUR/JPY looks a bit of a mess but I still hope to see an expanded flat. This tends to suggest a slow development to see losses. I really wouldn’t like to get in a tangle but wait for breaks…

The Aussie… well it could see a deep pullback in a Wave iv. The alternative is a shallow pullback and then a deep Wave b/v…

So, by the end of the day, we should be heading to a Dollar bullish outcome.

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