This is short term outlook, good enough for the next week. Yes, everyone charted monthly wedge break, lower highs and lower lows on D, W, M; fact is - after FED rate decision USD got some bullish momentum back.
It is obvious to me that the price was trading in bullish channel, some red economy data slapped its face but, imo, this did no harm. Price went sideways and is printing falling wedge with expectation that it will break upside; potential new bullish channel. If the price breaks upside I will long USD in its counterparts and trade other instruments according to their correlation.
Trade at your own risk.
It is obvious to me that the price was trading in bullish channel, some red economy data slapped its face but, imo, this did no harm. Price went sideways and is printing falling wedge with expectation that it will break upside; potential new bullish channel. If the price breaks upside I will long USD in its counterparts and trade other instruments according to their correlation.
Trade at your own risk.