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HomeContributorsTechnical AnalysisUSD Index Can See Further Bearish Developments

USD Index Can See Further Bearish Developments

Elliott Wave Financial Service
By Elliott Wave Financial Service

Similar to EURUSD, USD index has also been trading within a correction as part of a trend, however of a downtrend. We labelled a high for this correction at the 98.45 area, from where a strong decline started developing. Ideally a new five-wave impulsive move down has now started unfolding. Be aware of temporary pullbacks; wave ii can be next.

USD Index, 4h

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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