Wait and watch policy for US dollar traders and don't expect anything
We can witness bit panic rallies today from on 21st of September 2016, but I won't expectation anything more than retail traders panic rallies and don't think any institution or banks would enter the market and make those rallies much smoother one.I still waiting to federation to be more dovish today and area of 96.40-50 hold any upside rallies and then we can soon witness US dollar to find headwinds and rally towards 94.90 area and I would post a video and update If we don't see upside rallies which break through 97.10 area, but I have never witness such extended consolidation and may be us election could be the prompt reason that come to my mind and that is how I approach my trading activity and hence we still can see downside rallies towards the mentioned target and today retreat from higher levels could just be the start of downside in coming weeks or even months.