The pair followed the world as DXY has crossed beyond the 100 and EM currencies couldn't resist global dollar demand.
So, it's time to update the labels.
We are in yellow wave Y already and it reached the equal distance of wave W. Potentially it could tag the former top at 7.0830
where Y will be equal to 1.618 of W.
This will complete the wave X (white labels).
Then another drop of the dollar could start.
So, it's time to update the labels.
We are in yellow wave Y already and it reached the equal distance of wave W. Potentially it could tag the former top at 7.0830
where Y will be equal to 1.618 of W.
This will complete the wave X (white labels).
Then another drop of the dollar could start.