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I think now it trys again up around 1.2000 - 1.2030 and it will complete a wave 5 60MIN chart, but the problem will it break up or the is the movement finished and will the wave 4 monthly start ?
I have to decide what to answer to this question because, due to my job, I have decide if to maintain my long positions of long terms.
For short term I don't have the same problem, I will exit and then I will see.
EUROPE - USA - ASIA need a weak value.
Up to now Japan used 16,200 bilions of yens to contain the way up of their value. This is the most important intervention never made.
USA have the problem of the balance of trade and of the deficit of Twin Towers. Now they can not fail in the economic recovery and to do so the decrease of USD could be useful.
Europe of course with a Euro increasingly stronger becomes less and less competitive.
All this causes instability.
The games of the values has just started.
I think that USD will win.
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