Bearish: Currently we are @ 128.89. IF we can break the 0.382 Fibo here, we are looking for a continuation to the 0.500 Fibo @ 127.88 and then the 0.618 Fibo @ 127.18 this week. The average daily true range (ATR) for the pair currently is 111 pips.
Note: USDX is bullish with convergence and in a possible 1st wave.We are looking a small pullback to set a 2nd wave and then for the continuation to the 0.500 @ 95.516 and a possible continuation to the ...