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Elliott wave Analysis: USD Index Update

Elliott Wave Financial Service
By Elliott Wave Financial Service

USD Index is trading impulsively lower from the high, suggesting that a bigger corrective wave 4 had ended. If so, then we now expect price to unfold a five-wave drop, with red wave i) being already completed. Current minor rally can be wave ii), which can see limited upside near the 90.45/90.50 area.

USD Index, 1H

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