Range Bound USD Offering Long Scalps above 94.06
Scalp setup in the USD as it approaches a support zone
The USD has been range bound, and likely to remain as no major fundamentals in play until closer to the Dec FED meeting.
Longer term trend is bearish, in a down channel. Longer term wave count is also bearish, however the short term wave count indicates one more high is required to complete circle B. The last high was a marginal high which was not a sufficient to complete the up zigzag.
Swing trade setups still exist to short USD from higher. Please refer to linked chart
The USD has been range bound, and likely to remain as no major fundamentals in play until closer to the Dec FED meeting.
Longer term trend is bearish, in a down channel. Longer term wave count is also bearish, however the short term wave count indicates one more high is required to complete circle B. The last high was a marginal high which was not a sufficient to complete the up zigzag.
Swing trade setups still exist to short USD from higher. Please refer to linked chart
