Monday, June 11, 2018

BEST STILL TAKE CARE


I spent quite some time over the weekend resolving EURUSD in particular. I created what I had thought was a great solution. However, when writing the beginning of the report I realised that there was still an error. However, when I look at the range of pairs I still get the perception that they are looking to still push higher in the Dollar. 

Even if I have made a mistake, frankly the relatively shallow pullback could be considered enough because we do still need deeper losses overtime. Therefore, I’m still (more cautiously) looking for Dollar gains but this does make GBPUSD rather uncertain - but still bearish. 

There is room for a pullback but it’s not going to be too deep. Therefore, it’s a rather difficult outcome to judge at this point. 

As for the Aussie, we saw quite a decent decline on Friday to form a Wave [i] but how deep will the Wave [ii] be? That’s just another puzzle to work out…

Have a profitable week
Ian Copsey  





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