mlawson71 wrote: Wed Aug 30, 2017 10:15 pm There's a pullback from 1.2070, let's see how long it will last. So far there's no indication the overall bullish trend is over.

It could be the begin of the retracement. According to EW-theory the raising recent movement from begin of this year is a Leading Diagonal (LD) and so the wave 1 or A, in both cases a new trend. The question just is how deep will the correction 2 or B dive in. I guess regarding to the long consolidation and its shape and the political theater in the USA and their foreign affairs the 38.2er retracement is most likely.


On Friday is NFP, after that release we will know more.