The EUR/USD is driving me mad. I’m coming down to either a triangle or minor new low below 1.1135 to then see gains develop. Certainly, GBP/USD is close to a low for a deeper pullback. So I’m pretty certain we shall see Dollar losses in these two pairs.
This then has a second puzzle in USD/CHF and USD/JPY. However, these two pairs have seen 3-wave moves as the starter that could provide a complex correction. Therefore, we need to be aware, or a potential expanded flat lower. Otherwise, we could just see further gains…
Even EURJ/PY could be seeing a triangle already but at the end of the move higher will still be an expanded flat.
The Aussie… What a shallow pullback in (cyan) Wave –b-. However, we should see a pullback … not too deep before further losses resume.