IDEA 7:USD correction playing out?
In my previous idea
tradingview.com/chart/30HbMViN/
I questioned the possibility of the USD correcting. I think it will be just that, a correction. Euro zone CPI is coming up on Thursday and will certainly determine the near term direction for the pair.
Fundamentally, the USD is still dominating the EURO and JPY, so at best I think this will only be a technical correction.
tradingview.com/chart/30HbMViN/
I questioned the possibility of the USD correcting. I think it will be just that, a correction. Euro zone CPI is coming up on Thursday and will certainly determine the near term direction for the pair.
Fundamentally, the USD is still dominating the EURO and JPY, so at best I think this will only be a technical correction.
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