Elliott Wave Forecast Team
ElliottWave-Forecast.com
USD Index has been very bullish for the past two weeks, but bulls slowed down in the last few days, so we suspect that market is forming a new but larger corrective retracement. We adjusted the wave count and labeled end of a first five wave structure at recent high. Ideally that was wave one so current bearish retracement may not last long as we see only temporary set-back for wave two. Ideal support for a pullback comes in around 96.00.
USD Index 4h Elliott Wave Analysis
USD Index 4h Elliott Wave Analysis
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