Alternative scenario: the downside breakout of 1.9850 would call for 1.9781 and 1.9739.
Alternative scenario: the downside breakout of 1.9850 would call for 1.9781 and 1.9739.
Alternative scenario: the downside breakout of 163.39 would call for 162.72 and 162.33.
Alternative scenario: the downside breakout of 1.2409 would call for 1.2369 and 1.2346.
Our preference: the upside prevails as long as 143.35 is support.
Alternative scenario: the downside breakout of 1.7428 would call for 1.7369 and 1.7334.
Alternative scenario: the downside breakout of 1.0650 would call for 1.0620 and 1.0600.
The greenback has tumbled since topping out and printing a “doji” candle around a month ago at 105.8...
Short positions below 102.1000 with targets at 101.7700 & 101.6000 in extension.
Short positions below 0.9080 with targets at 0.9025 & 0.9010 in extension.
Short positions below 1.3490 with targets at 1.3445 & 1.3430 in extension.
Long positions above 1.2430 with targets at 1.2490 & 1.2515 in extension.
Long positions above 130.85 with targets at 131.75 & 132.00 in extension.
Short positions below 0.6730 with targets at 0.6675 & 0.6655 in extension.
Long positions above 1.0880 with targets at 1.0915 & 1.0935 in extension.
The configuration is negative.
The pair could retrace.
Alternative scenario: the downside breakout of 142.60 would call for 141.90 and 141.48.
Short positions below 102.1000 with targets at 101.6000 & 101.4200 in extension.
Short positions below 1.3490 with targets at 1.3445 & 1.3430 in extension.
Short positions below 0.9080 with targets at 0.9025 & 0.9010 in extension.
Long positions above 101.7000 with targets at 102.1000 & 102.2700 in extension.
Long positions above 1.3460 with targets at 1.3500 & 1.3520 in extension.
Short positions below 1.2480 with targets at 1.2425 & 1.2380 in extension.
Long positions above 0.9050 with targets at 0.9080 & 0.9100 in extension.
Short positions below 131.40 with targets at 130.60 & 130.30 in extension.
Short positions below 131.40 with targets at 130.60 & 130.30 in extension.
Short positions below 1.0920 with targets at 1.0870 & 1.0850 in extension.