As I said yesterday, I didn't want to be too early in calling a top. Also 1177 was the key pivot today, I had said that if we broke over the bearish count would be eliminated, and that certainly is the case today.
So I guess we have to back to the drawing boards and look for possible wave patterns that could be playing out.
In my video last weekend I said 1190-1195 was possible, and now I think we could get there if we break over 1184. So for tomorrow, 1184 is the key pivot to watch for. 1159 is the key downside pivot.
On this chart I have highlighted some downdays during the topping process of previous highs.
You can see that we have some down days followed by up days that take back basically the entire up move, and more.
The USD had a nice push up yesterday, but the move is looking more like an ABC rather than an impulse.
We could get a test of the lows and perhaps a new one. Perhaps the USD has not bottomed.
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