Contributors Technical Analysis Elliott Wave Analysis: USD Index Showing First Signs Of A Reversal, More...

Elliott Wave Analysis: USD Index Showing First Signs Of A Reversal, More Upside In View

USD Index is turning up from recent 95.45 lows where market might have accomplished a bigger impulsive drop down in wave C. That said, current bounce can be a new change in trend, maybe even part of a big impulsive rally, but as always we need to focus on minimum expectation which is a recovery up to the upper channel line, towards 96.70.

USD Index, 4H

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