So far so, good, since the forecast seems not only to have caught the last gasp of the downtrend, but a potentially important low. The low overshot the 80.04 forecast by 0.23, but that’s not very significant when you consider the magnitude of the dollar’s swings this year as well as the immediate potential for a major bullish turn. We’ll be better able to judge the strength of this uptrend if and when it encounters a Hidden Pivot resistance at 80.48 That’s my minimum upside target for the moment.
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