Good day traders!
Regarding the overall USD trend, we see prices bearish in wave five on USD Index daily chart, a leg that must contain five subwaves.
USD Index, Daily
Based on latest price move on EURUSD, we think that wave four can be coming soon, as market unfolded five subwaves up from a triangle. Today’s close below 1.2383 can be a temporary trend changer.
EURUSD, 1h
