Last week went a little over the top during the ECB and BOE meetings, even though market was very logical up to that moment. Lagarde was dovish and yet, euro kept climbing without any corrections, so I was expecting friday’s US session to fix all that, which it did. Now we have interresting daily candles on both EU and GU, regular bearish divergence on GU and hidden bearish divergence on EU. At the same time we have USDCHF with a bounce after a strong bottoming and also strong bottoming on the DXY. It all looks in favor of the US Dollar into next week, so lets see if the market confirms it.
