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Elliott Wave Analysis: USD Index and EURUSD

Elliott Wave Financial Service
By Elliott Wave Financial Service

Good day traders!

Regarding the overall USD trend, we see prices bearish in wave five on USD Index daily chart, a leg that must contain five subwaves.

USD Index, Daily

Based on latest price move on EURUSD, we think that wave four can be coming soon, as market unfolded five subwaves up from a triangle. Today’s close below 1.2383 can be a temporary trend changer.

EURUSD, 1h

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