Home Forex Analysis And Forecasts USD Index Elliott Wave Analysis: Correction Within Uptrend

USD Index Elliott Wave Analysis: Correction Within Uptrend

USD Index has extended its losses in this week but only within a complex contra-trend move. We see a three wave decline from 86.85 with completed wave (b) at 86.10 so current leg down is wave (c) in 4 that could look for a support around 84.50 or maybe at 84.00 if move will go even lower. However, keep an eye on impulsive bounce from the low that would put market back in bullish mode.

usd index elliott wave

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