Yes, as I wrote in my Weekly Forecast, that unless the area around my WR1 at 1.0555 contains, it would have been a very strong move north. Nevertheless, the favorable scenario was for that area to contain, and 1.0573 is the peak for the week.
Kiranjakka, thank-you, but I'm actually a little disappointed in not being able to nail the reversal point. Nevertheless, there is no doubt that the reversal will be huge.
LTT, the current recovery process the market is going through is going to determine whether it not we got a head fake in the cloud.
Personally, I thought the move south was going to head to 83.00. So far, it has not, so it indicates to me momentum is strong, and this could be the real deal.
Kiranjakka, thank-you, but I'm actually a little disappointed in not being able to nail the reversal point. Nevertheless, there is no doubt that the reversal will be huge.