We fully expected a bounce attempt by USD (daily UUP shown here) and to this point that is all it remains, a bounce. It could pop the EMA 20 to break the very short-term trend. If it does that and makes the EMA & SMA 50’s it would still be in its intermediate downtrend.
It’s important to remember that USD was at last ditch long-term support lest it hop the express elevator to 89. So this bounce always was going to happen. Here’s the monthly chart we reviewed last week.
Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH.
