Following chart is what I am currently thinking.
There's a possibility that we have reached ITD (11) at 1.6457, and if so we are moving down to ITD 1 low due on average Feb 3. However, ITD 1 may invert as well which means that Feb 3 could be an ITD (1) high instead
Assuming ITD (11) has arrived at 1.6457, it's still not yet clear whether MTD 9 has arrived with it. If MTD 9 high completes below 1.688, then this means that LTD (and most likely SLTD as well) is travelling down and that LTD 18 inverts at 1.688.
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Some may predict that the forex market for this year will show some improvement eventhough some nation are still in deep crisis. The indication that FED will raise rates will have a positive on US dollar value.
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