With the fast upward acceleration that the USD received today, market makers posted stop hunting @ the 73.93 level in USDx. Therefore, a short term MACD bear divergence was created as to correct the price.
I truly expect USD related pairs to be 'on hold' as the USDx will drop towards the 73.69 (which was the previous stop hunting trap) level most probably until the later hours of the US session. Than it should resume its short term uptrend for most of the day tomorrow. I expect the USDx to take out this weeks high at 74.04 thus changing this weeks main move to UP.
Likewise It's most probable that GBPUSD will rise during US session and slide tomorrow and take out the low of the week @ 1.6323 thus changing this weeks main move to down.
Similar picture on the EUR: Prices will most likely rise until the later hours of NY and than for tomorrow it most probably will take out support @ 1.4556 thus changing the main move of the week to down and considerably favoring an expansion south on Friday as well.
The same can be said about other pairs too such as Aussie and others.
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