The overall cycle for this pair is still upwards (1.09).
We only have around a month plus for the next cycle to complete (1.047)
USD is currently weakened after the completion of the smaller cycle which will provide some room for other crosses to take advantage of. Even the news has no effect because of this. How far the other crosses will move depends on their own time and price cycle.
But this won't last long because after the temporary correction, USD will gain momentum to resume it's journey to complete its cycle.
We only have around a month plus for the next cycle to complete (1.047)
USD is currently weakened after the completion of the smaller cycle which will provide some room for other crosses to take advantage of. Even the news has no effect because of this. How far the other crosses will move depends on their own time and price cycle.
But this won't last long because after the temporary correction, USD will gain momentum to resume it's journey to complete its cycle.