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HomeContributorsTechnical AnalysisUSD Index Pushing into A Temporary Correction; Support at 93.14

USD Index Pushing into A Temporary Correction; Support at 93.14

Elliott Wave Financial Service
By Elliott Wave Financial Service

On USD Index we see latest recovery from 93.14 as final leg of a bigger impulse that may have found a top at the 95.53 level. A suggestion that a temporary top has been found is intra-day weakness which can be part of a bigger retracement and can push price towards the 93.14 level support region.

This bigger retracment can be a simple A-B-C correction or a more complex pattern as a flat or triangle.

USD Index, 4h

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