Us Dollar has a confirmed I-Cloud break. The wave count that is forming is a Intermediate to Long Term Bottom.
This will be a Negative for Company's that profit from Exporting.
I would expect Company's in Europe that would profit from it's exports business to do better due to a lowering of the value of the Euro. There is a Lead /lag relationship, due to quarterly reports and time for the profits to show on the books.
The Pring's Special K oscillator should cross over in the near future.
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