The EURUSD is driving me mad. I’m sure that Jean-Claude Juncker drinks too much. I’m coming down to either a triangle or minor new low below 1.1135 to then see gains develop. Certainly, GBPUSD 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 USDCHF and USDJPY. 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 EURJPY 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.
The Daily Forecaster is an analytical tool only and is not intended to replace individual research. The service is offered as an opinion on the current state of the market with anticipated trading signals but not recommendations. The information provided in The Daily Forecaster should not be relied on as a substitute for extensive independent research before making your trading/investment decisions. Ian Copsey is merely providing this service for your general information. No representation is being made that any view or opinion will guarantee profits or not result in losses from trading. In addition any projections or views of the market provided may not prove to be accurate. The opinions are subject to change without notice. Opinions or views expressed in The Daily Forecaster are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Ian Copsey will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this service. The information contained is private and may not be distributed or shared.