DXY weekly: Cycle wave II was 5-3-5 so that box is ticked. Primary wave [1] is supported by magnificent weekly divergences into both its beginning and its end, not to mention the close call with the 61.8% retrace of II. Now 3 waves down and 3 up precede this dip back into weakness. Rates of decline have been quite consistent so far. The projection for the end of Primary wave [2] employs similar declinations and it now targets the end of Intermediate wave (4) of Primary wave [1]... pure guesswork...
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