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HomeContributorsTechnical AnalysisUSD Index Trading In A Simple Zig-Zag, More Weakness In View

USD Index Trading In A Simple Zig-Zag, More Weakness In View

Elliott Wave Financial Service
By Elliott Wave Financial Service

On the 4h chart of USD Index we see price trading within a higher degree three wave decline and current bearish breakdown may be part of wave C. At the moment we see price trading within the strongest and steepest sub-wave 3). If we are on the right track, then even more weakness may follow within the mentioned wave and ideally towards the 98.00 region.

USD Index, 4H

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