Uptrend should resume after the 61.8% retracement and bullish divergence.
Fundamentally a normal mean reversion of term premium is occurring.
This should also support the USD in the medium-term and keep the uptrend intact for 2017.
However the move may be choppy because of extreme long positioning.
Fundamentally a normal mean reversion of term premium is occurring.
This should also support the USD in the medium-term and keep the uptrend intact for 2017.
However the move may be choppy because of extreme long positioning.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.