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HomeContributorsTechnical AnalysisUSD Index Unfolding A Bearish Reversal Towards 88.00

USD Index Unfolding A Bearish Reversal Towards 88.00

Elliott Wave Financial Service
By Elliott Wave Financial Service

USD index is turning down from 91.00 area where we were looking for a top formation of a wave 4 bounce which shows evidences of a top after that nice sell-off to 90.00 which suggests that bears are not over yet. Ideally wave 5 is coming now within wave 5) towards 88.00/87.00 area.

USD Index, 4H

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