Asian / European Preview 7.18.2012  9.55 PM EDT Good Evening Fellow Traders There is no change in our outlook and we are still viewing the pullback in USDX, EURUSD ,USDNOK and USDCHF as a wave ((iv)) or wave ((x)) from 17th June low/high. Its too early to tell whether the strcture from 17 June high/low […]

Focus was on $USDX

US Dollar Group: EURUSD decline from 1.2692 is unfolding as an impulse and we have already seen 3 waves down. Wave (iv) completed @ 1.2334 and a new low is required to complete a cycle from 1.2334 and 5 down from 1.2692. Expect a 3 wave pullback after that which can reach as high as 1.2400 – […]

See how we called for a sharp decline in USDX based on Ending Diagonal strucutre